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Question

If the cost price of 18 chairs be equal to selling price of 16 chairs, find the gain or loss percent.


Solution

C.P of 18 chairs = S.P of 16 chairs
= Rs. 100  (Suppose)
C.P of 1 chair =Rs.10018=Rs.509
and S.P of 1 chair =Rs.10016=Rs.254
Gain = S.P - C.P =Rs.254509
=Rs.22520036=Rs.2536
Gain%=Gain×100C.P=25×100×936×50%=252%=12.5%


Mathematics
RD Sharma
Standard VIII

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