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Select the correct answerIf the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is?Options30%20%25%37.50%

Question

Select the correct answerIf the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is?Options30%20%25%37.50%

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Solution

Let's solve this step by step:

  1. Let's assume the cost price of 1 table is 1.Therefore,thecostpriceof15tablesis1. Therefore, the cost price of 15 tables is 15.

  2. According to the problem, the selling price of 20 tables is also 15.Therefore,thesellingpriceof1tableis15. Therefore, the selling price of 1 table is 15/20 = $0.75.

  3. The loss on 1 table is the cost price - selling price = 11 - 0.75 = $0.25.

  4. The loss percent is (loss/cost price) * 100 = (0.25/0.25/1) * 100 = 25%.

So, the correct answer is 25%.

This problem has been solved

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