Question

find the loss or profit percent, of its selling price is 16/15 of its cost price

Answer 1

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Let the CP be x.
Then SP=16/15×x=16x/15.

Therefore it is a profit .

So
Profit = 16x/15-x = x/15.

$<b>Profit %= Profit/CP×100 =x/15/x×100=16 whole2/3%$

Answer 2

Given :

its selling price is 16/15 of its cost price

To Find:

find the loss or profit percent

Solution:

Let the cost price be x

Selling price =  16/15 of its cost price

Selling price =$\frac{16}{15}x$

SP>CP

So, Profit

Profit = SP-CP =$\frac{16}{15}x-x=\frac{1}{15}x$

$Profit\% = \frac{profit}{CP} \times 100 \\Profit\% =\frac{\frac{1}{15}x}{x} \times 100\\Profit\% = 6.67%$

Hence The profit% is 6.67%