Question

If the cost price of 9 articles is equal to the selling price of 12 articles, then the gain or loss percent is

• A. 25% gain
• B. 25% loss
• C. 20% loss
• D. 20% gain

Answer 1

Answer:

B. 25% loss

Cost price of 9 articles = Selling price of 12 articles Loss percentage = [(12 - 9)/12] × 100% ⇒ (1/4) × 100% ⇒ 25%