The answer is 25% profit. Here's the step by step solution:

1. Ravi sold 16 pens at the cost of 20 pens. This means that the cost of 16 pens is equal to the selling price of 20 pens.

2. Let's assume the cost of one pen is $1. Therefore, the cost of 16 pens is $16.

3. But Ravi sold 16 pens for the price of 20 pens. So, the selling price of 16 pens is $20.

4. The profit made by Ravi is the selling price minus the cost price, which is $20 - $16 = $4.

5. The profit percentage is calculated as (Profit/Cost price) * 100. So, the profit percentage is ($4/$16) * 100 = 25%.

So, Ravi made a 25% profit.

Question

The answer is 25% profit. Here's the step by step solution:

1. Ravi sold 16 pens at the cost of 20 pens. This means that the cost of 16 pens is equal to the selling price of 20 pens.

2. Let's assume the cost of one pen is $1. Therefore, the cost of 16 pens is $16.

3. But Ravi sold 16 pens for the price of 20 pens. So, the selling price of 16 pens is $20.

4. The profit made by Ravi is the selling price minus the cost price, which is $20 - $16 = $4.

5. The profit percentage is calculated as (Profit/Cost price) * 100. So, the profit percentage is ($4/$16) * 100 = 25%.

So, Ravi made a 25% profit.

Knowee AI · Accepted Answer

The answer is 25% profit. Here's the step by step solution:

1. Ravi sold 16 pens at the cost of 20 pens. This means that the cost of 16 pens is equal to the selling price of 20 pens.

2. Let's assume the cost of one pen is $1. Therefore, the cost of 16 pens is $16.

3. But Ravi sold 16 pens for the price of 20 pens. So, the selling price of 16 pens is $20.

4. The profit made by Ravi is the selling price minus the cost price, which is $20 - $16 = $4.

5. The profit percentage is calculated as (Profit/Cost price) * 100. So, the profit percentage is ($4/$16) * 100 = 25%.

So, Ravi made a 25% profit.

Select the correct answerRavi sold 16 pens at the cost of 20 pens. What is the profit or loss percentage made by him?Options4% profit25% profit25% loss4% loss