Question

If cp of 10 chairs = sp of 16 chairs. Find gain or loss per cent.

Answer 1

10 chairs C.P = 16 chairs S.P,

then

C.P/S.P = 16/10 = 8/5,

let C.P=8A,

S.P=5A,

then

loss = 8A-5A=3A,

therefore

%loss = 3A/8A × 100,

= 37.5%