If the cost price of 24 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) 50% 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 24 articles = Rs. 24.   Selling price of 16 articles = Rs. 24   Therefore, Selling price of 24 articles is :-   =&gt;24/16Ã—24   =&gt;36.   Therefore, Profit = Selling price - Cost price.   =&gt;36âˆ’24=12.   Hence, the percentage of profit = profit x 100/C.P.   =&gt;12/24Ã—100.   =&gt;50% Profit.   Answer : 50% profit
<result>B</result>
If the cost price of 24 articles is equal to the selling price of 16 articles, What is the percentage of profit or loss that the merchant makes?