Question

The selling price of a table is 27/25 times its cost price.Find the loss or the profit as percent?

Answer 1

Calculating Loss or profit percentage  

Answer:

There is a profit of 8% when selling price of table is 27/25 times its cost price.

Explanation:

Given that selling price of the table is 27/25 times its cost price .

Need to calculate loss or profit as percent

lets assume cost price of table be represented by variable y.

As given that selling price = 27/25 times the cost price

=> selling price = (27/25)y = 27y/25

Profit or Loss = selling price - cost price

=> Profit or loss  = (27y/25) - y

=> Profit or loss = (27y - 25y)/25 = 2y/25

Since y is cost price it will be positive , so 2y/25 is also positive value

And since selling price - cost price is coming as positive that is 2y/25 , we can sy that it is a case of profit.

=> profit = 2y/25

Profit Percentage = (Profit / cost price) × 100

=> Profit Percentage = ( (2y/25) / y ) x 100

=> Profit Percentage = 2 × 100 /25 = 200/5 = 8%

Hence there is a profit of 8% when seling price of table is 27/25 times its cost price.

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