If selling price of 75 articles is equal to cost price of 60 articles, then the approximate loss or gain percent is :
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Loss of 20%
SP of 75 articles = CP of 60 articles.
SP of 1 articles : CP of 1 articles = 60 : 75 = 4 : 5.
loss% = (5 - 4)/5 × 100 = 20%.