Cost price of 100 books is equal to selling price of 60 books. gain or loss percentage will be

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7.Profit and Loss

easy

cost price of $100$ books is equal to the selling price of $60$ books. The gain or loss percentage will be

A

$66 \frac{2}{3}$

B

$66 \frac{1}{4}$

C

$66$

D

$66 \frac{3}{4}$

Solution

Cost price of $100$ books $=$ selling price of $60$ books.

$\frac{C P}{S P}=\frac{60}{100} \Rightarrow 3 / 5$

Profit $\%=\frac{5-3}{3} \times 100=66\frac{2}{3} \%$

Standard 13

Quantitative Aptitude

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