Question

if the cost price of 15 chairs is equal to selling price of 20 chairs. Find the loss percent
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Answer 1

Answer:

Loss percent = 25%

Step-by-step explanation:

Given :

Cost price of 15 chairs is equal to Selling price of 20 chairs .

To find :

The loss percent

Taken :

To find the loss percent of of the chairs use this equation -:

$\boxed{\sf{L\%=100\%-(\dfrac{15}{20}\times100\%)}}$

Where,

L% = Loss percent

Solution :

$\leadsto\sf{L\%=100\%-(\dfrac{15}{\cancel{20}}\times\cancel{100}\%)}$

$\leadsto\sf{L\%=100\%-(15\times5)}$

$\leadsto\sf{L\%=100\%-75\%}$

$\leadsto\sf{L\%=25\%}$

So , the loss percent is 25% .