Question

one fifth of the cost price and one-sixth of the selling price equal .find the profit or loss percent.​

Answer 1

Answer:

If one fifth of the cost price is equal to one sixth of the selling price then the product will always be sold at a profit since one sixth is smaller than one fifth. For example let us assume that the cost price is $100 then one fifth would be $20. The same $20 is one sixth of $120 thus we are selling an item for $120 that cost $100.

Step-by-step explanation:

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Answer 2

One-fifth of the cost price and one-sixth of the selling price are equal. find the profit or loss percentage