SSC Government Jobs Exams Numerical Ability Profit and Loss

60% of the cost price of an article is equal to 50% of its selling price. Then the percentage of profit or loss on the cost price is-

a. 20% loss
b. 16 2/3% profit
c. 20% profit
d. 10% loss

Read Solution (Total 1)

.6*cp=.5*sp == 1.2 cp =sp === (1.2cp-cp)/cp= 20% profit
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b. x2 – y2 / xy % gain
c. x2 – y2 / y2 % loss
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