Question

if the selling price of 16 chairs is equal to the cost price of 20 chairs find the gain percent​

Answer 1

Answer:

Step-by-step explanation:

Let,

     SP of 1 chair = 1rs

so, sp of 16 chairs = 16rs

since, SP of 16 chairs = CP of 20 chairs = 16rs

so,

  SP of 1 chair = 20/16 = 5/4

Here,

    CP > SP,so there is loss

                     Loss = CP-SP

                              = 5/4-1

                              = 5-1/4 = 1/4

          Loss% = Loss/CP * 100 = 1/4/CP * 100 = 25%

                      (IS IT RIGHT)