The Cost price of 19 articles is same as the selling price of 29 articles.
Posted on 30-03-2023
Ques - The Cost price of 19 articles is same as the selling price of 29 articles. What is the amount of loss %?
(a) 35%
(b) 34.48%
(c) 52.63%
(d) None of these
Solution -
Let,
The SP of 1 article = 1
The SP of 29 articles = 29
The SP of 19 articles = 19
The Cost price of 19 articles is same as the selling price of 29 articles.
So,
The CP of 19 articles = 29
Loss % = [(CP - SP) / CP] × 100
Loss % = [(29 - 19) / 29] × 100
Loss % = (10 / 29) × 100
Loss % = 1000 / 29
Loss % = 34.48
Thus,
The amount of loss is 34.48%.
Hence,
The correct answer is option (b) 34.48%.
Thank You