- ALoss of 25%
- BLoss of 20%
- CGain of 20%
- DGain of 25%
Step-by-Step Solution
Let CP of one eraser = ₹1. SP of 20 = ₹16, so SP of one = ₹0.80. Loss = ₹0.20 on ₹1, a loss of 20%.
Answer: B) Loss of 20%
The selling price of 20 erasers equals the cost price of 16 erasers. Find the gain or loss per cent.
Class 8Profit and LossComparing Quantities
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