If cost price of 40 mangoes is equal to selling price of 25 mangoes then find the profit or loss percentage in this transaction.
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If cost price of 40 mangoes is equal to selling price of 25 mangoes then find the profit or loss percentage in this transaction.
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Step-by-step explanation:
Let the C.P of each mango = x
C.P of 25 mangoes = 25x
S.P of 25 mangoes = C.P of 40 mangoes = 40x
Thus,C.P = 25x and S.P = 40x
Since ( S.P ) <( C.P ),there is a gain
Therefore, Gain = ₹ ( 40x-25x ) = ₹15x
Gain% = ( gainx100/c.p )
= ( 40x/25x.100 ) % = 160%