if the cost price of10chairs be equal to selling price of16 chairs find the gain or loss percent
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Answered by
1
Answer:60%
Step-by-step explanation:
Let the C.P of 1 chair be x
Therefore, C.P of 10 chair→10x
And C.P of 16 chair→16x
A.T.Q, S.P of 10 chair=C.P of 16 chair
→S.P of 10 chair=16x
Profit=16x-10x=6x
P%=6x/10x×100=60%
Hope it helps you!!✌✌
Answered by
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let the CP of 1 chair be 1 .
Then CP of 10 chairs = 10
Given that CP of 10 chairs = SP of 16 chairs
Then SP of 16 chairs = 10
SP of 1 chair = 10/16 = 5/8
As CP is bigger than SP , there is a loss.
Loss = CP - SP
=> 1 - 5/8
=> 0.375
Loss% = (loss / CP × 100)%
=> 0.375/1 × 100
=> 37.5 %
Hence there is a loss of 37.5%
Then CP of 10 chairs = 10
Given that CP of 10 chairs = SP of 16 chairs
Then SP of 16 chairs = 10
SP of 1 chair = 10/16 = 5/8
As CP is bigger than SP , there is a loss.
Loss = CP - SP
=> 1 - 5/8
=> 0.375
Loss% = (loss / CP × 100)%
=> 0.375/1 × 100
=> 37.5 %
Hence there is a loss of 37.5%
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