| Cost price of 40 apples is equal to selling price of 50 apples. What is the profit/loss percentage? |
A) 20% gain
B) 20% loss
C) 10% gain
D) 10% loss
Correct Answer: B
Solution :
| \[\because \]\[SP>CP\] |
| \[\therefore \] Loss percentage \[=\frac{50-40}{50}\times 100\]% |
| \[=\frac{10}{50}\times 100\]%=20% |
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