If the S.P of 16 watches is equal to the C.P of 17 watches,find the gain or loss percentage
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Answer:
6.25%
Step-by-step explanation:
let SP of 1 watch = 1rs
so, S.P of 16 watches is = 16 rupees
SP of 17 watches = 17 rupees
CP of 17 watches = 16 rupees
profit percentage = SP-CP =P
P / CP * 100 = P %
SO , 1/16*100 = 6.25%
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