If the cost of 10 chairs is equal to the selling price of 16 chairs, find the gain or loss percent.

Let the cost of each chair be x.

Let the sp of each chair be y.

Now 

10x = 16y.

x = 16y/10 = 8y/5

 

As Sp is less than cp so there is loss.

So

Loss %  is   CP-SP/CP  * 100

Cp is x = 8y/5 and Sp = y

Loss is 8y/5-y / 8y/5 * 100 = 37.5%.

So there is a loss of 37.5%

  • 8

Let the cost of each chair be x.

Let the sp of each chair be y.

Now

10x = 16y.

x = 16y/10 = 8y/5

 

As Sp is less than cp so there is loss.

So

Loss % is CP-SP/CP * 100

Cp is x = 8y/5 and Sp = y

Loss is 8y/5-y / 8y/5 * 100 = 37.5%.

So there is a loss of 37.5%

  • 8
Answer is 37.5 %
  • 0
Did not understand fully please write clearly how is it
  • 0
How did you took loss percentage is equal to CP minus SP by CP in 100 where the formula is loss×100÷cp
  • 0
What are you looking for?