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

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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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