Question

The selling price of a table is $\frac{27}{25}$ times its cost price, Find the loss or the profit as percent.

Answer 1

Let C.P of table be $x$

Given S.P of table is $\frac{27}{25}$ times of its C.P

$\therefore$ $S.P=\frac{27}{25}\times C.P$

$=\frac{27x}{25}$

Profit=S.P - C.P

$=\frac{27x}{25}-x=\frac{27x-25x}{25}=\frac{2x}{25}$

Profit %$=Profit\times 100/C.P$

$=\frac{\frac{2x}{25}\times 100}{x}=8$%

$\therefore$ Profit $=8$%