If the cost price of 20 chairs is equal to the selling price of 25 chairs. Find the percentage of profit or loss incured.
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25%..................€.€..€......
sun15:
can u plz explain how the ans came
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Let the cost be x.
Then the selling price of 25 chairs = 20x.
the selling price of each chair = 20x/25.
We know that Loss = CP - SP
= x - 20x/25
= 5x/25
= x/5.
Loss % = Loss/cp * 100
= x/5/x * 100
= 20.
Then the selling price of 25 chairs = 20x.
the selling price of each chair = 20x/25.
We know that Loss = CP - SP
= x - 20x/25
= 5x/25
= x/5.
Loss % = Loss/cp * 100
= x/5/x * 100
= 20.
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