Question

(a)

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

Answer 1

10=16[ by cost]

Step-by-step explanation: the cost of 10 chairs is x.

the cost 16 chairs is also x. 10x = 16x

4x is loss.

Profit or Gain = Selling price – Cost price. Loss = Cost price – Selling price. Profit Percentage = [Profit/C.P.]×100. Percentage Loss = [Loss/C.P.]×100.

In simple way, we can say that sp- cp[ when it is a gain], cp -sp[ when it is a loss]. here it is a loss as well as a gain. so do both according to the formula