Question

The cost price of 13 chairs is the same as the selling price of 18 chairs. Find the gain or loss

Answer 1

Loss = 18 - 13 = 5

Loss % = (5/18) * 100

             = 27.7%.

Answer 2

Answer:

27.77 % is the answer

Step-by-step explanation:

13x18. Since, the selling price of a chair is less than the cost price, it can be said that the person incurred a loss. Now, since loss is negative profit, it can be said that the percentage of loss is equivalent to the negative percentage of profit. Hence, the loss percent is 27.77% and the profit percent is -27.77%.

C.P of 13 chairs = S.P of 18 chairs.

⇒13 CP=18 SP

SP=1813CP⇒CPSP=1813

⇒SP=<CP

⇒ There will be loss.

loss %=CPCP−SP×100

=[1−CPSP]×100

=[1−1813]×100=185×100

=9250=27.78%

∴ There will be a loss of 27.78%