Question 92

The cost price of 20 books is equal to the sale price of 16 books. What is the outcome of the transaction?

Solution

Let us assume that cost price of one Book is Rs1

So, The Cost price of 20 Books is = Rs 20

Then,

Selling price of 16 Books = cost price of 20 Books => Rs 20

Now,

SP>CP

Thus there will be profit

Profit = 20-16 => 4

Profit % = 4/16 × 100 = 25 % Answer

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