If the selling price of 15 items is equal to the cost price of 20 items, what is the percentage profit or loss?
Show answer & explanation
Correct answer: A
Explanation
Given:
SP of 15 articles = CP of 20 articles
Let CP of 1 item = ₹1.
CP of 20 items = ₹20 = SP of 15 items.
SP of 1 item = ₹20/15 = ₹4/3.
Profit % = 4/3−1×100=33 1/3%
Answer: 33⅓% Profit