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What will be the gain percentage for a shopkeeper who sells 20 articles for the ​same price at which he bought 25 articles?
  • a)
    15%
  • b)
    20%
  • c)
    25%
  • d)
    40%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What will be the gain percentage for a shopkeeper who sells 20 article...
Let the Cost Price (CP) of each article be x
CP of 25 articles = 25x
Selling price (SP) of 20 articles = 25x
Selling price of an article = 25x/20 = 5x/4
Profit = SP – CP = 5x/4 – x = x/4
∴ Profit% = (x/4) /x × 100 = 25%
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What will be the gain percentage for a shopkeeper who sells 20 articles for the ​same price at which he bought 25 articles?a)15%b)20%c)25%d)40%Correct answer is option 'C'. Can you explain this answer?
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