Question

if the cost price of 10 tables is equal to the selling price of 16 tables , find out the gain or loss percentage​

Answer 1

Hi,

To solve this problem, Let us take the LCM of 10 and 16 which will come 80.

Now suppose the cost price of 10 tables =₹n CP of 80 tables will be ₹ 8n

According to the question, CP of 10 tables is equal to the SP of 16 tables, then

the SP of 16 tables will also be ₹ n.

So, SP of 80 tables will be ₹ 5n

So, Loss = CP-SP

→ 8n - 5n = ₹ 3n

Loss%= (3n×100)/8n

Loss%= 37.5%.

Hence the correct answer will be a loss of 37.5%.