if the cost price of 18 toys is equal to selling price of 15 toys. find the profit and loss percent.
please give me answer in detail
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Answer:
Answer is 20
Step-by-step explanation:
Let the cp of 1 toy= 18x
then the CP of 18 toy = 18 x
according to the question
SP of 15 toys = CP of 18 toys =18x
profit = SP -CP of 15 toys
= 18x- 15x
=3x
profit percent =profit/ CP of 15 toys ×100
=3x/15x × 100
=1/5 × 100
=20
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