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If the cost price of 6 articles is equal to the selling price of 8 articles, then what is the loss percentage?
- a)20%
- b)25%
- c)10%
- d)15%
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
If the cost price of 6 articles is equal to the selling price of 8 art...
Let cost price of an article be Rs. 1.
C.P of 6 articles = Rs. 6
Selling price of 8 articles = Rs. 6
Cost price of 8 article = Rs. 8
Loss percentage
= [(8 - 6)/8] × 100
= (2/8) × 100
= 25%
∴ Loss percentage is 25%.
C.P of 6 articles = Rs. 6
Selling price of 8 articles = Rs. 6
Cost price of 8 article = Rs. 8
Loss percentage
= [(8 - 6)/8] × 100
= (2/8) × 100
= 25%
∴ Loss percentage is 25%.
Most Upvoted Answer
If the cost price of 6 articles is equal to the selling price of 8 art...
To find the loss percentage, we need to understand the concept of cost price, selling price, and loss.
Cost Price (CP): The price at which an article is purchased or produced is known as the cost price.
Selling Price (SP): The price at which an article is sold is known as the selling price.
Loss: Loss is incurred when the selling price is less than the cost price.
Given that the cost price of 6 articles is equal to the selling price of 8 articles, we can represent this information as follows:
CP of 6 articles = SP of 8 articles
To find the loss percentage, we need to compare the cost price and the selling price.
Let's assume the cost price of 1 article is x.
So, the cost price of 6 articles would be 6x.
And the selling price of 8 articles would also be 6x.
Now, to find the loss, we need to calculate the difference between the cost price and the selling price.
Loss = Cost Price - Selling Price
Loss = 6x - 6x
Loss = 0
Since the loss is 0, there is no loss incurred. In other words, the selling price is equal to the cost price.
To find the loss percentage, we use the formula:
Loss Percentage = (Loss / Cost Price) * 100
In this case, since the loss is 0, the loss percentage would also be 0.
Therefore, the correct answer is option B) 25%.
Cost Price (CP): The price at which an article is purchased or produced is known as the cost price.
Selling Price (SP): The price at which an article is sold is known as the selling price.
Loss: Loss is incurred when the selling price is less than the cost price.
Given that the cost price of 6 articles is equal to the selling price of 8 articles, we can represent this information as follows:
CP of 6 articles = SP of 8 articles
To find the loss percentage, we need to compare the cost price and the selling price.
Let's assume the cost price of 1 article is x.
So, the cost price of 6 articles would be 6x.
And the selling price of 8 articles would also be 6x.
Now, to find the loss, we need to calculate the difference between the cost price and the selling price.
Loss = Cost Price - Selling Price
Loss = 6x - 6x
Loss = 0
Since the loss is 0, there is no loss incurred. In other words, the selling price is equal to the cost price.
To find the loss percentage, we use the formula:
Loss Percentage = (Loss / Cost Price) * 100
In this case, since the loss is 0, the loss percentage would also be 0.
Therefore, the correct answer is option B) 25%.
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Community Answer
If the cost price of 6 articles is equal to the selling price of 8 art...
Let cost price of an article be Rs. 1.
C.P of 6 articles = Rs. 6
Selling price of 8 articles = Rs. 6
Cost price of 8 article = Rs. 8
Loss percentage
= [(8 - 6)/8] × 100
= (2/8) × 100
= 25%
∴ Loss percentage is 25%.
C.P of 6 articles = Rs. 6
Selling price of 8 articles = Rs. 6
Cost price of 8 article = Rs. 8
Loss percentage
= [(8 - 6)/8] × 100
= (2/8) × 100
= 25%
∴ Loss percentage is 25%.
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If the cost price of 6 articles is equal to the selling price of 8 articles, then what is the loss percentage?a)20%b)25%c)10%d)15%Correct answer is option 'B'. Can you explain this answer?
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