Profit & Loss · Question 5 · Easy
The cost price of 20 articles equals the selling price of 16 articles. What is the profit percentage?
- 25%
- 20%
- 16 2/3%
- 30%
Answer and explanation
Answer: A. 25%
Explanation: Let each article cost ₹1. Then SP of 16 articles = ₹20, so SP of one = 20/16 = 1.25, a 25% profit.
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