The solution to this problem can be found by understanding the cost price and selling price of the pens.

1. Let's assume the cost of each pen is $1. Therefore, the cost of 20 pens would be $20.

2. Ravi sold 16 pens for $20 (since he sold them at the cost price of 20 pens).

3. The actual cost for 16 pens would be $16 (since each pen costs $1).

4. Therefore, Ravi made a profit of $4 ($20 - $16 = $4).

5. The profit percentage can be calculated as (Profit / Cost price) * 100. So, (4 / 16) * 100 = 25%.

So, the correct answer is "25% profit".

Question

The solution to this problem can be found by understanding the cost price and selling price of the pens.

1. Let's assume the cost of each pen is $1. Therefore, the cost of 20 pens would be $20.

2. Ravi sold 16 pens for $20 (since he sold them at the cost price of 20 pens).

3. The actual cost for 16 pens would be $16 (since each pen costs $1).

4. Therefore, Ravi made a profit of $4 ($20 - $16 = $4).

5. The profit percentage can be calculated as (Profit / Cost price) * 100. So, (4 / 16) * 100 = 25%.

So, the correct answer is "25% profit".

Knowee AI · Accepted Answer

The solution to this problem can be found by understanding the cost price and selling price of the pens.

1. Let's assume the cost of each pen is $1. Therefore, the cost of 20 pens would be $20.

2. Ravi sold 16 pens for $20 (since he sold them at the cost price of 20 pens).

3. The actual cost for 16 pens would be $16 (since each pen costs $1).

4. Therefore, Ravi made a profit of $4 ($20 - $16 = $4).

5. The profit percentage can be calculated as (Profit / Cost price) * 100. So, (4 / 16) * 100 = 25%.

So, the correct answer is "25% profit".

Select the correct answerRavi sold 16 pens at the cost of 20 pens. What is the profit or loss percentage made by him?Options25% profit4% loss4% profit25% loss