Question 62

If the cost price of 15 oranges is equal to the selling price of 20 oranges, the loss percent is:

Solution

$$Cost Price \times 15 = Selling Price \times 20 $$

$$\frac{Selling Price}{Cost Price} = \frac{15}{20} = \frac{3}{4} $$

$$Loss Percentage = \frac{CP-SP}{CP} = \frac{4-3}{4}\times 100 = 25$$

Option A is correct.

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