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If the cost price of 18 TV is equal to the selling price of 16 TV, what is the gain or loss percentage?1. 25% gain2. 25% loss3. 12.5% loss4. 12.5% gain |
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Answer» Correct Answer - Option 4 : 12.5% gain Given: The cost price of 18 TV = The selling price of 16 TV Formula Used: Profit percentage = {(SP – CP)/CP} × 100 Calculation: Let CP of 1 TV be Rs. x CP of 16 TV = Rs. 16x CP of 18 TV = Rs. 18x SP of 16 TV = Rs. 18x Percentage profit = (18x – 16x)/16x × 100 = 12.5% ∴ Profit% is 12.5% |
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