answerIf the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is?
Question
answerIf the cost price of 15 tables be equal to the selling price of 20 tables, the loss per cent is?
Solution
Let's solve this step by step:
Step 1: Assume the cost price of each table is 15.
Step 2: According to the problem, the selling price of 20 tables is also 15/20 = $0.75.
Step 3: The loss on each table is the cost price minus the selling price, which is 0.75 = $0.25.
Step 4: The loss percentage is calculated by dividing the loss by the cost price and then multiplying by 100. So, the loss percentage is (1) * 100 = 25%.
Therefore, the loss percent is 25%.
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the correct answerThe cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?
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