By selling 16 articles, a person lost the selling price of 4 articles. What is…
2018
By selling 16 articles, a person lost the selling price of 4 articles. What is his loss percent?
- A.
16%
- B.
50/3%
- C.
20%
- D.
25%
Attempted by 29 students.
Show answer & explanation
Correct answer: C
Let the selling price of 1 article be 1 unit.
Then, selling price of 16 articles = 16 units.
Loss is equal to the selling price of 4 articles = 4 units.
Cost price = Selling price + Loss = 16 + 4 = 20 units.
Loss percentage = (Loss / Cost price) x 100 = (4 / 20) x 100 = 20%.
Therefore, the correct answer is 20%.