Question

If selling price of 18 eggs is equal to the cost price of 16eggs,find loss percent

Answer 1

If selling price of 18 eggs is equal to the cost price of 16eggs,find loss percent

Answer 2

CP of 16 eggs = SP of 18 eggs

Let the CP of each eggs is = X

Thus, CP of 18 eggs = 18 X

SP of 18 eggs = CP of 16 eggs = 16 X

Thus, CP = 18 X, SP = 16 X

CP is greater than SP

Loss Percentage = ( Loss\ CP) * 100%

= (2 X \ 18 X) * 100%

= 11.11%