The cost price of 10 apples is equal to the selling price of 20 apples. Find the loss or gain percentage.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Loss 50%.
Let the CP of 10 apples = ₹100
Then CP of 1 apple = = ₹10
SP of 20 apples = ₹100
Then SP of 1 apple = = ₹5
Loss per apple = ₹10 – ₹5 = ₹5
Loss % = × 100 = 50%