Question

the selling price of 16 spoons is equal to the cost price of 15 spoons find the loss percent​

Answer 1

Answer:

Let the cost price of 1 spoon =Rs.1

So, cost price of 16 spoon =Rs.16

SP of 15 spoon =Rs.15

From the question,

Selling price of 16 pens = cost price of 15 spoons

Loss =(CP)−(SP)

=(16−15)

=Rs.1

Loss %={(Loss/CP)×100}

={(1/16)×100}

={100/16}

=6.25%

=6(1/4)%