Question

the selling price of 16 spoons is equal to the cost price of 15 spoons. find the loss percentage

Answer 1

Let the cost price of one spoon be Re. 1

CP of 16 spoons = Rs. 16

SP if 16 s poon = CP of 15 spoons = Rs. 15

Loss = CP – SP = (16 – 15) = Re. 1

Loss% = =(LossCP×100) %

=(116×100)

= 6.25%

Loss% = 6.25%