ArithmeticIf cost price of 24 articles is equal to selling price of 16 articles. Find the gain or loss percent?

If cost price of 24 articles is equal to selling price of 16 articles. Find the gain or loss percent?

  1. A

    50% profit

  2. B

    40% loss

  3. C

    40% profit

  4. D

    50% loss

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    Solution:

    Gain = 8 articles

    Gain %  =816×100%=50%↑

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