If the selling price of 16 items is equal to the cost price of 20 items then there is gain or loss?

Answer 1

Answer:gain 25%

i.e, 16 items selling price 1000rs=20 items cost price,automatically we find there is gain.

selling price of 1 item=1000/16=62.50;

cost price of 1 item=1000/20=50;

den,gain%=(s.p-c.p)/c.p=((62.5-50)/50)100=25%