The selling price of 30 articles is equal to the purchase price of 25 articles. Find the percentage of profit or loss.

A18% profit

B16 2/3% loss ✓ Correct

C18% loss

D16 2/3% profit

Correct answer: (B) 16 2/3% loss

Explanation

There is a loss of 16 2/3%.

Take the cost price of each article as Rs. 1.

SP of 30 = CP of 25, so 30 articles sell for Rs. 25.

Cost of 30 = Rs. 30, so loss = 30 - 25 = Rs. 5.

Loss% = (5 / 30) x 100 = 16 2/3% loss.

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