if the cost price of 18 chairs be equalto selling price of 16 chairs, find the gain or loss precent
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hi let the cost of 1 chair 1 ,CP of 18 chair is 18 rupee
according to questions
SP of 16 chair is 18
SP of 1 chair 18/16
SP of 18 chair is 20
profit=20-18=2
Profit percent 2/18×100=100/9
according to questions
SP of 16 chair is 18
SP of 1 chair 18/16
SP of 18 chair is 20
profit=20-18=2
Profit percent 2/18×100=100/9
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