Question
If a man purchases 15 tables for Rs. 25 and sells 25 tables for Rs.15. How much profit or loss percent does he make?
Solution
CP of 15 tables = 25
CP of 1 table = 25/15 = 5/3
SP of 25 tables = 15
SP of 1 table = 15/25 = 3/5 Loss = 5/3 – 3/5 = 16/15 Loss % = (16/15) × 100/(5/3) = 64%
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