Quantitative Aptitude Ques 2359

Question: Cost price of 40 apples is equal to selling price of 50 apples. What is the profit/loss percentage?

Options:

A) 20% gain

B) 20% loss

C) 10% gain

D) 10% loss

Show Answer

Answer:

Correct Answer: B

Solution:

  • $ \because $ $ SP>CP $

$ \therefore $ Loss percentage $ =\frac{50-40}{50}\times 100 $ % $ =\frac{10}{50}\times 100 $ %=20%

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