If the SP of 8 pens and CP of 10 pens are equal, find the profit or loss per cent.
Answers
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Given :
- SP and CP
To Find :
- Profit or loss percent
Solution :
Let the CP of one pen = rs. x
- According to question S.P. of 8 pens = rs. 10x
- So, there will be profit in the transaction.
Alternatively,
- According to question,
- SP of 8 pens = C.P of 10 pens
- or, 8 × SP = 10 × CP
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