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If the cost price of 25 articles is equal to the selling price of 35 articles find the profit/loss percentage.
1. Profit - 28.57%
2. Profit - 18.93%
3. Loss - 18.93%
4. Loss - 28.57%

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Correct Answer - Option 4 : Loss - 28.57%

Ans: 4

Given:

the cost price of 25 articles is equal to the selling price of 35 articles.

Formula used:

profit percent = \(\frac{{selling\;price - cost\;price}}{{cost\;price}}\) × 100

loss percent =  \(\frac{{cost\;price - selling\;price}}{{cost\;price}}\) × 100

Calculation:

Cost price of 25 articles = Selling price of 35 articles

⇒ (cost price of one article)/(selling price of one article) = 35/25 = 7/5

⇒ loss percent = \(\frac{{7 - \;5}}{7}\) × 100 = 200/7 = 28.57%

∴ loss percent in this transaction is 28.57%.

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