If by selling 25 chairs there is a loss equal to the costprice of 5 chairs, find the loss %

Asked by Shivam805106 | 14th Jun, 2019, 06:32: PM

Expert Answer:

Let CP of  chair = 100Rs
CP of 25 chairs  = 2500Rs
Loss = 500 Rs
SP = 2500 - 500 = 2000Rs
Loss% = (CP - SP)/CP × 100
L%=500/2000 × 100 = 25%

Answered by Arun | 15th Jun, 2019, 08:49: AM