Question

if the cost price of 10 candle is equal to selling price of 8 candle the Gain or loss percentage

Answer 1

Answer:

SP for selling price.

CP for cost price .

Let the SP of 1 candle be Rs 1.

Then, SP of 10 candles = Rs 10

CP of 10 candles = SP of 8 candles = Rs 8

Thus, SP = Rs 10 and CP = Rs 8

Since (SP)>(CP), here is a profit.

Gain = (SP)-(CP)

= Rs (10-8)

= Rs 2

Gain%

$= ( \frac{Gain}{CP} \times 100)\% \\ =( \frac{2}{8} \times 100)\% \\ = 25\%$