The cp of 25 chairs is equal to sp of 30 chairs.find the loss percent
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Here is the solution:
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Let the cost price of a chair be x
Find the cost of 25 chairs:
Cost of 25 chairs = 25x
Find the Selling Price of 1 chair:
Selling Price of 30 chairs = 25x
Selling Price of 1 chair = 25x ÷ 30 = 5/6 x
Find the profit / loss:
since cost price > selling price => it is a loss
Loss = x - 5/6x = 1/6x
Find the loss percentage:
Loss percentage = loss/cost price x 100
Loss percentage = (1/6x ÷ x) x 100 = 16.7%
Answer: The chairs were sold at a loss of 16.7%
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ans is 16.7% marked as brainlist
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