Question

If the cost of 20 chairs be equal to selling price of 16 chairs. Find the gain or loss percentage.​

Answer 1

Answer:

it's a loss percentage

Answer 2

Answer: Profit=25%

Step-by-step explanation: Let C.P. of 20 chairs be ₹80.

C.P. of 1 chair= ₹80

                          20

                       = ₹4

S.P. of 16 chairs= ₹80

S.P. of 1 chair= ₹80

                          16

                      = ₹5

S.P.>C.P.

Therefore, Profit= S.P.-C.P.

                            = ₹5-₹4

                            = ₹1

Profit(%)= Profit X 100

                 C.P.

              = 1 X 100

                4

              = 1 X 25

              =25%

I hope this will help you.

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