Question

If the cost price of 10 chairs be equal to the selling price of 16 chairs. Find the gain or loss percentage.
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Answer 1

10cp = 16sp

cp/sp = 16/10

= 8/5 =3 unit loss

3/8 * 100 = 37.5%

Answer 2

$\sf \Large Solution!!$

$\sf \large According\:to\:the\:question:$

$\sf \to 10\:CP=16\:SP$

$\sf \large So,$

$\sf \to \frac{CP}{SP}=\frac{16}{10}=\frac{8}{5}$

$\sf \to Loss\:of\:3\:units.$

$\sf Loss\%=\frac{loss}{CP}\times 100$

$\sf Loss\%=\frac{3}{8}\times 100$

$\sf \boxed{\bigstar Loss\%=37.5\%}$

Thanks for asking!! :)