Question 53

If selling price of 75 articles is equal to cost price of 60 articles, then the approximate loss or gain percent is:

Solution

Let the cost price of 60 articles = C

Cost price of 1 article = $$\frac{C}{60}$$

Selling price of 75 articles = C

Selling price of 1 article = $$\frac{C}{75}$$

Loss% = $$\frac{\frac{C}{60}-\frac{C}{75}}{\frac{C}{60}}\times100$$

= $$\frac{\frac{5C-4C}{300}}{\frac{C}{60}}\times100$$

= $$\frac{60}{300}\times100$$

= 20%

Hence, the correct answer is Option D

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