If the cost price of 22 articles is equal to the selling price of 16 articles, What is the percentage of profit or loss that the merchant makes?  Choose one:
A) 20% loss  B) 37.5 % profit  C) 37.5 % loss  D) 30.33% loss  E) None of these
Explanation :   Let Cost price of 1 article be Re.1.   Therefore, Cost price of 22 articles = Rs. 22.   Selling price of 16 articles = Rs. 22   Therefore, Selling price of 22 articles is :-   =&gt;22/16Ã—22   =&gt;30.25.   Therefore, Profit = Selling price - Cost price.   =&gt;30.25âˆ’22=8.25   Hence, the percentage of profit = profit x 100/C.P.   =&gt;8.25/22Ã—100.   =&gt;37.5% Profit.   Answer : 37.5 % profit
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If the cost price of 22 articles is equal to the selling price of 16 articles, What is the percentage of profit or loss that the merchant makes?