Correct option is C
Given:
Cost price of 19 books = Selling price of 25 books
Formula Used:
Solution:
Let the cost price of 1 book be ₹1.
Therefore, the cost price of 19 books is ₹19.
Since the cost price of 19 books is equal to the selling price of 25 books, the selling price of 25 books is ₹19.
Selling price of 1 book = = ₹0.76
Loss per book = Cost price - Selling price = ₹1 - ₹0.76 = ₹0.24
Loss percentage = × 100 = 24%
Therefore, the percentage loss is 24%.
Alternate Method :
Cost Price : Selling Price = 19 : 25
Loss = 25 - 19 = 6 parts
Loss percentage = × 100 = 24%
Therefore, the percentage loss is 24%.