Question

CP of a chair is 5/4 of its SP. Find the gain or loss percent

Answer 1

Answer:

CP=5/4×SP

let SP=100

CP=5/4×100

CP=125

here CP>SP

so,here loss will occur

loss=CP-SP

loss=125-100

loss=25

loss percent=(loss×100)÷CP

loss percent=(25×100)÷125

loss percent=20