If the selling price of 25 balls is equal to the cost price of 15 balls, find the profit or loss percentage.
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Answer:
Loss percentage = 66⅔%
Step-by-step explanation:
Given:
S.P of 25 balls = C.P of 15 balls
Let the C.P of 15 balls be ₹x
C.P of 1 ball = ₹x/15
S.P of 25 balls = C.P of 15 balls = ₹x
S.P of 1 ball = ₹x/25
Here, we know that C.P is greater than S.P its means loss.
Loss = C.P - S.P
= ₹(x/15 - x/25)
= ₹(5x - 3x)/75
= ₹2x/75
Loss percent = (loss/C.P) × 100 %
= (2x × 25/x × 75) × 100 %
= 200/3 %
= 66⅔%
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