if the cost price 25 shower caps is equal to the selling price of 40 shower caps, find the profit or loss percent
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solution here;
Let the CP of 1 shower cap = Rs1
therfore, CP of 25shower caps =rs 25
and CP of 40 shower caps =rs 40
But given,SP of 40 shower caps = Cp of 25 shower caps
= Rs25
As CP is greater than SP therfore Loss occured
Now, loss percentage = CP -SP÷CP ×100%
=40-25÷40×100%
=37.5%
thus, 37.5 % loss occured
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