the selling price of 16 spoons is equal to the cost price of 15 spoons. find the loss percentage
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Given S.P of 16 spoons = C.P of 15 spoons
15 C.P = 16 S.P
C.P/S.P = 16/15
C.P:S.P = 16:15
16(C.P)----15(S.P)
Loss% = 16-15/16 * 100 = 1/16 * 100 = 25/4 = 6.25%
15 C.P = 16 S.P
C.P/S.P = 16/15
C.P:S.P = 16:15
16(C.P)----15(S.P)
Loss% = 16-15/16 * 100 = 1/16 * 100 = 25/4 = 6.25%
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