Select the correct answerIf the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is?Options20%25%37.50%30%
Question
Select the correct answer
If the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is?
Options:
- 20%
- 25%
- 37.50%
- 30%
Solution
Let's solve this step by step:
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Let's assume the cost price of 1 table is 15.
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According to the problem, the selling price of 20 tables is also 15/20 = $0.75.
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The loss on 1 table is the cost price - selling price = 0.75 = $0.25.
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The loss percentage is (loss/cost price) * 100 = (1) * 100 = 25%.
So, the correct answer is 25%.
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