The cost price of 120 articles is same as the selling price of y articles. If there is a loss of 4 percent, then what is the value of y? (Cost price of all the articles is same. Selling price of all the articles is same)
Show answer & explanation
Correct answer: A
Explanation
Loss 4% ⇒ SP : CP = 96 : 100 = 24 : 25
Let the CP of 1 item = 25
SP of 1 item = 24
CP of 120 items = 120 × 25 = 3000
SP of y items = 3000
y × 24 = 3000
y = 3000/24 = 125