If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:
Q1. If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:
Answer: 20% loss
Explanation: SP of 50 articles = CP of 40 articles; loss = CP of 10 articles; loss% = (10/50) × 100 = 20%.