the cost price of 8 pens is same as selling price of 10 pens
Answers
Answer : Loss Percentage = 20%
Step-by-step explanation:
Full Question :
The c.p. of 8 pens is same as s.p. of 10 pens . calculate the profit or loss percent made if all the pens bought are consider to be sold.
Given:
The c.p. of 8 pens is same as s.p. of 10 pens.
Cp of 8 pens = Sp of 10 pens.
Let the Sp of 1 pen = ₹1
=> Sp of 10 pens = ₹10
Cp of 8 pens = ₹10
=> Cp of 1 pen = 10/8 = ₹1.25
=> Cp is more than Sp. Hence, Loss occurred.
=> Loss = Cp - Sp
=> ₹1.25 - ₹1
=> ₹0.25
Loss Percentage = (Loss/Cp)x100
Loss Percentage = (0.25/1.25)x100
Loss Percentage = 20%
Answer:
Given:
cost price of 8 pens is same as selling price of ten pens calculate the profit or loss percent made if all the pens bought considered to be
sold.
Find:
if all the pens bought considered to be sold (find).
Given:
Let us assume ₹1 be cost price of one pen.If the cost price of 1 pen = ₹10 than cost of 10 be it will be ₹10.
Let ₹10 be the selling price of 10 pens.
10 / 8 = ₹1.25 = CP = 1 pen.
Formula:
→ Loss = Cp - Sp
→ ₹1.25 - ₹1
→ ₹0.25
It is loss because cost price is more than selling price.
→ (Loss / Cost price) × 100
→ (0.25 / 1.25) × 100
→ 20%
Therefore, 20% is loss.