if the cost price of 10 tables is the same as the selling price of 16 tables , find the percentage profit or loss in the sale .
pls solve this pls
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if the cost price of 10 tables is the same as the selling price of 16 tables , find the percentage profit or loss in the sale .
pls solve this pls
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Step-by-step explanation:
Let the cost price of each table is $10.
Thus the cost price of 10 tables will be $100.
As per statement the selling price of 16 tables is equal to cost price of 10 tables
Thus, the selling Price of 16 tables is $100
Selling price of each table = $100/16 = $6.25
Loss = cost price - selling price
Loss on selling the tables is $10 –$6.25 = $3.75
Loss% = loss/cost price × 100
Percentage loss = $3.75/$10 × 100 = 37.5%
The loss on selling the tables is 37.5%
Answer:
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