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Thursday, January 9, 2020

If Cost Price of 5 cars is equal to Selling Price of 4 cars. Find the percentage of profit or loss?

If Cost Price of 5 cars is equal to Selling Price of 4 cars. Find the percentage of profit or loss?
A10% Profit
B10% Loss
C25% Profit
D25% Loss

Correct answer is: 25% Profit

Explanation:

Cost price (C.P.) of 5 cars = Selling price (S.P.) of 4 cars

⇒ Gain = C.P. of 1 car

Profit% = [Gain/C.P.]× 100 = [1/4] × 100 = 25%

∴ Profit% = 25%

kishore
answered Jan 10 '2020 at 10:49

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