5. If the selling price of 25 balls is equal to the cost price of 15 balls, find the profit or loss
percentage.
Answers
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STEP BY STEP
To find the profit or loss percentage, we need to compare the selling price and the cost price of the balls.
Let's assume the cost price of each ball is C, and the selling price of each ball is S.
Given that the selling price of 25 balls is equal to the cost price of 15 balls, we can set up the following equation:
25 * S = 15 * C
Now, to calculate the profit or loss percentage, we need to compare the profit (if S > C) or loss (if S < C) to the cost price.
Profit (P) is given by: P = S - C
Profit Percentage = (Profit / Cost Price) * 100
Loss (L) is given by: L = C - S
Loss Percentage = (Loss / Cost Price) * 100
Since we don't have specific values for S and C, we can't calculate the exact profit or loss percentage. We need additional information to proceed with the calculation.