The cost price of 15 books equals the selling price of 18 books. Find the gain or loss percentage?
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Answer: A. 16 2/3% loss
Explanation
Equating the financial revenue of fifteen items to eighteen items establishes a clear price ratio. The selling price to cost price ratio indicates a net financial loss on each transaction. Calculating the percentage difference yields a repeating fractional loss of sixteen and two thirds percent. Profit and loss percentages are calculated relative to the original cost price of the items. When selling more items to recover the cost of fewer items, a financial loss occurs. Fractions can be converted into standard percentage formats for clear financial reporting.
Retail businesses monitor profit and loss margins closely to ensure long term financial viability. Inventory management requires understanding how pricing strategies impact overall commercial profitability. Commercial arithmetic problems simulate real world trading scenarios encountered by merchants and traders. Option b represents an incorrect numerical fraction that does not match the calculated loss. Option c incorrectly identifies a profit instead of the actual financial loss incurred. Option d uses a different fractional representation that is less standard than the correct answer.
- Subject
- Mathematics
- Category
- Mathematics
- Topic
- —
- Difficulty
- medium
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