If the selling price of an article is Rs. 252 and the loss is 16%, find the cost price. MCQ with Answer and Explanation

Explanation:
When two items are sold at the same price, one at x% profit and the other at x% loss, the overall transaction results in a loss of (x^2)/100 %. Loss % = (10*10)/100 = 1%.

Explanation:
Let profit percentage be P. A's profit = P% of 1800. B's Cost Price = 1800 / (1 + P/100). B's profit = 1800 - [1800 / (1 + P/100)]. If P = 33.33% (1/3), A's profit = 1800 * (1/3) = 600. B's profit = 1800 - (1800 / (4/3)) = 1800 - 1350 = 450. Difference = 600 - 450 = 150. Claimed profit percentage = 33.33%.

Explanation:
Profit = 50, profit% = 50/250*100=20%.