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Question
A shopkeeper sells 5 mangoes at a price he bought 4 mangoes. What percentage (%) of loss or gain?
10%
15%
20%
25%
None
ANSWER : 3
Descrption
<p>Let the price of 4 mangoes bought be X.</p> <p>Price per mango bought = X/4</p> <p>Price per mango sold = X/5</p> <p>Loss = (X/4 - X/5) / (X/4) × 100% = (X/20) / (X/4) ×100% = <strong>20%</strong></p>
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