Question

the cost price of 12chair is the same as the selling price of 16chair find the loss%.with explanation

Answer 1

cp of 12chair be x
c.p of 1 chair =x/12
sp of 16 chair =x
spof 1 chair=x/16
loss=x/12-x/16=x/48
loss%=(x/48)/(x/12)*100=25%

Answer 2

let the cp be1\12
and so be 1\16
loss=1\12-1\16=1\48
%loss=1\48(100)\1\12=25%