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If the selling price of 20 pens is equal to the cost price of 16 pens, then find the loss percentage.

Solution

Correct Option: 3

Let CP of one pen = 1. Then CP of 16 pens = 16 = SP of 20 pens. So SP per pen = 1620=0.8\frac{16}{20} = 0.8. Loss per pen = 10.8=0.21 - 0.8 = 0.2. Loss percent = 0.21×100=20%\frac{0.2}{1} \times 100 = 20\%.

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