Question

If the cost price (C.P.) of 15 tables is equal to the selling price (S.P.) of 20 tables, what is the loss percentage?

A) 25%
B) 30%
C) 33.33%
D) 40%

Answer 1

To calculate the loss percentage, divide the loss by the cost price and multiply by 100. In this case, the correct answer is option C) 33.33%.

Step-by-step explanation:

To find the loss percentage, we need to calculate the loss first. The cost price (C.P.) of 15 tables is equal to the selling price (S.P.) of 20 tables. This means that for every 15 tables bought at the cost price, only 20 tables can be sold at the same price. So, the loss is equal to the cost price of 5 tables.

To calculate the loss percentage, we need to divide the loss by the cost price and multiply by 100. The loss percentage is determined by the fraction of loss to the cost price. In this case, the loss is 5 tables, which is 5/15 of the cost price. When we simplify this fraction, we get 1/3 or approximately 33.33%. Therefore, the correct answer is option C) 33.33%.