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If the selling price of 40 articles is equal to the cost price of 50 articles, the loss or gain percent is
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- 25% gain
- 20% gain
- 25% loss
- 20% loss
Correct Option: A
Let C.P. of each article be Re. 1.
∴ C.P. of 40 articles = Rs. 40
S.P. of 40 articles = Rs. 50
Profit = S.P. of 40 articles - C.P. of 40 articles = 50 - 40 = Rs. 10
| ∴ Profit percent = | Profit | × 100 | % |
| 40 |
| Profit percent = | 10 | × 100 | = 25% |
| 40 |
