Question

If the cost price of 10 chairs be equal to the selling price of 16 chairs, find the gain or loss percent.

Answer 1

Cp=10
And Sp=16

Now,Let the Cp be Sp and Sp be Cp
So,
Cp=16x and Sp =10x
Loss =Cp-Sp

=16-10=6
Loss percentage=
$\frac{loss}{cp} \times 100$
$= \frac{6}{10} \times 100$
=60℅