InterviewSolution
Saved Bookmarks
| 1. |
If the selling price of 18 chairs be equal to selling price of 16 chairs, find the gain or loss percent. |
|
Answer» Given that, Cost price of 18 chairs = selling price of 16 chairs So, let the cost price of 1 chair be Rs x Selling price of 16 chairs =Rs 18x Selling price of 1 chair = Rs 18x/16 By using the formula, Gain = selling price – cost price = 18x/16 – x = 2x/16 = Rs x/8 By using the formula, Gain % = (gain/cost price) × 100 = (x/8)/x × 100 = 25/2 = 12 ½ % |
|