S.P of 20 Apples is equal to C.P of 15 Apples. What is the profile or loss percentage?
Correct Answer: 25
Solution and Explanation
To determine the profit or loss percentage, we first need to establish the relationship between the selling price (S.P) and the cost price (C.P) based on the problem statement.
Given: S.P of 20 Apples equals the C.P of 15 Apples.
Step 1: Assume the C.P of each apple is ₹1. Therefore, the C.P of 15 apples = ₹15.
Step 2: Given that the S.P of these 20 apples also equals ₹15, the S.P of each apple is ₹0.75 (since ₹15/20 apples = ₹0.75 per apple).
Step 3: Calculate the C.P of 20 apples: C.Ptotal = 20 × ₹1 = ₹20.
Step 4: Calculate the profit or loss:
S.Ptotal = ₹15; C.Ptotal = ₹20
As S.Ptotal < C.Ptotal, this is a loss.
Loss = C.Ptotal - S.Ptotal = ₹20 - ₹15 = ₹5.
Step 5: Compute the loss percentage: Loss % = (Loss/C.Ptotal) × 100 = (5/20) × 100 = 25%.
The loss percentage is 25%, which falls within the specified range (25, 25).
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