Cost price of 20 articles is Rs. 260. Selling price of 25 articles is Rs. 260. What is the profit/loss percentage? (Cost price of all the articles is same. Selling price of all the articles is same.)
Show answer & explanation
Correct answer: A
Explanation
Cost price of 20 items = ₹260
Cost price of 1 item = 260/20 = ₹13
Selling price of 25 items = ₹260
Selling price of 1 item = 260/25 = ₹10.40
Loss = 13 - 10.40 = ₹2.60
Loss percentage = (2.60/13) × 100 = 20%