The selling price of 30 fans is equal to the purchase price of 25 fans. What is the profit or loss percentage?

AA gain of 16 and two-thirds percent

BA loss of 15 percent

CA loss of 16 and two-thirds percent ✓ Correct

DNo gain, no loss

Correct answer: (C) A loss of 16 and two-thirds percent

Explanation

There is a loss of 16 and two-thirds percent.

SP of 30 fans = CP of 25 fans, so take CP per fan = Rs. 1.

Then SP of 30 fans = Rs. 25, giving SP per fan = 25/30 = 5/6.

Loss per fan = 1 - 5/6 = 1/6 of the cost.

1/6 = 16.67%, a loss of 16 and two-thirds percent.

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