Question

. The selling price of 15 chairs is the same as cost
price of 12 chairs. Is there a profit or loss? Also,
find the profit or loss per cent.​

Answer 1

Answer:

Let CP of 1 chair be Re 1.

SP of 15 chairs = Rs 12

CP of 15 chairs = Rs 15

Since CP > SP

Therefore There is loss.

Loss = CP - SP = 15 - 12 = Rs 3

Loss % = Loss / CP × 100%

= 3/15 × 100 %

= 20 %