Question

Of the cost price of 15 tables be equal to selling price of 20 tables. Find the loss percent​

Answer 1

Answer:

Loss percent is 25%.

Step-by-step explanation:

Let us assume that the cost of 1 table is Rs 100.

So, generally the cost of 15 tables will be Rs 1500 and that of 20 tables will be Rs 2000.

But, it is given that the selling price of 20 tables is the cost price of 15 tables.

So, the selling price is Rs 1500 and the buying price would have been Rs 2000

Thus, Loss Percentage = ((Cost Price - Selling Price)/Cost Price)*100%

                                      = ((2000-1500)/2000)*100

                                      =500*100/2000=25%