Question

the selling price of 8 table is equal to the cost price of 9 tables find the loss or profit percent

Answer 1

Let the C.P of 1 table be x.
C.P of 8 table =8x.
S.P of 8 table=C.P of 9 table=9x.
Gain = 9x-8x=x.
Gain,%=x/8x×100
=25/2=12.5%

Answer 2

Given:

The selling price of 8 tables is equal to the cost price of 9 tables.

To find:

The loss or profit percent.

Solution:

The profit percent is 12.5%.

To answer this question, we will follow the following steps:

As given in the question, we have,

The selling price of 8 tables = cost price of 9 tables

Let the cost price of one table be x units.

So,

The selling price of 8 tables = 9x units

The cost price of 8 tables = 8x units

Gain

= Selling Price - Cost Price

= 9x - 8x

= x units

So,

Profit percent

$= \frac{gain}{cost \: price} \times 100$

$= \frac{x}{8x} \times 100$

$= 12.5\%$

Hence, the profit percent is 12.5%.