If the cost price of 17 articles is equal to the selling price of 16 articles, What is the percentage of profit or loss that the merchant makes?	Options.
A) 20% loss B) 6.25% profit C) 33.33 % loss D) 30.33% loss E) None of these
Explanation :   Let Cost price of 1 article be Re.1.   Therefore, Cost price of 17 articles = Rs. 17.   Selling price of 16 articles = Rs. 17   Therefore, Selling price of 17 articles is :-   =&gt;17/16Ã—17   =&gt;18.06   Therefore, Profit = Selling price - Cost price.   =&gt;18.06âˆ’17=1.06   Hence, the percentage of profit = profit x 100/C.P.   =&gt;1.06/17Ã—100.   =&gt;6.25% Profit.   Answer : 6.25% profit
<result>B</result>
If the cost price of 17 articles is equal to the selling price of 16 articles, What is the percentage of profit or loss that the merchant makes?