Question

find the loss or profit per cent,if its selling price is 16/15 of its cost price.​

Answer 1

Answer:

Let the CP be x. Then SP=16/15×x=16x/15. Therefore it is a profit . Profit = 16x/15-x = x/15.

Answer 2

Answer:

6.666666.......

Step-by-step explanation:

let the CP be x

therefore sp =16/15*x

=gain =sp-cp

=x/15

gain %= gain / cp*100

=x/15/x*100

=20/3

6.66666666666.........