More Questions from Profit and Loss

If the selling price of 12 articles equals the cost price of 15 articles of the same kind, compute the gain percentage.

Aptitude Profit and Loss Difficulty: Easy
Choose an option
  • A
    66 2/3%
  • B
    20%
  • C
    25%
  • D
    80%

Answer

Correct Answer: 25%

Explanation

Introduction:Ratio statements that compare totals at selling and cost prices allow you to infer the per-unit selling price relative to per-unit cost price. From that relation, the profit percentage follows directly.

Given Data / Assumptions:

  • 12 units at selling price equal 15 units at cost price.
  • All units are homogeneous.

Concept / Approach:Let s be SP per unit and c be CP per unit. Then 12s = 15c implies s = (15/12)c = 1.25c. Profit% = (s - c)/c * 100.

Step-by-Step Solution:From 12s = 15c, s = 1.25cProfit per unit = s - c = 0.25cProfit% = 0.25c / c * 100 = 25%

Verification / Alternative check:Assume c = 100. Then s = 125. For 12 units, SP = 1500 and CP of 15 units is also 1500, which is consistent with the premise and confirms 25% profit per unit.

Why Other Options Are Wrong:

  • 66 2/3% and 80%: far too large; misinterpret the ratio.
  • 20%: arises from mixing article counts or using partial differences incorrectly.

Common Pitfalls:

  • Using 12/15 directly as profit percentage or subtracting counts without converting to unit prices.

Final Answer:25%

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