The selling price of 25 books is equal to the cost price of 41 books. Find the loss or
gain percentage.
-
A.
100/16 % gain
-
B.
64 % gain
-
C.
100/16 % loss
-
D.
64 % loss
Correct Answer:
B. 64 % gain
Explanation:
The correct answer is Option B: 64 % gain.
To find the gain or loss percentage, we can use the relationship given: the selling price (SP) of 25 books equals the cost price (CP) of 41 books. This can be written as 25 * SP = 41 * CP, which gives the ratio SP/CP = 41/25. Since the selling price is higher than the cost price, there is a gain. The gain per unit is 41 - 25 = 16. To calculate the gain percentage, we use the formula (Gain / CP) * 100, which is (16 / 25) * 100. This simplifies to 16 * 4, resulting in a 64% gain.
Click below to open Discussion & Feedback
0 Issues
Please
login to comment or Report Issues.