Question

If the cost price of 10 chairs is equal to the selling price of 16 chairs find the loss or gain percentage

Answer 1

Given the cost price of 10 chairs = selling price of 16 chairs

Let us consider the cost of 1 chair = Rs. 1

Therefore the cost Price (CP) of 10 Chairs = Rs. 10

       and the Selling Price (SP) of 16 chairs = Rs. 16

Loss = Selling Price - Cost Price = 16-10 = Rs.6

Loss percentage = ($\frac{6}{10}*100$ = 60%

Answer 2

Answer:

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