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If cost price of 5 cars is equal to selling price of 4 cars. Find the percentage of profit or loss?
- A10% Profit
- B10% Loss
- C25% Profit
- D25% Loss
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Discussion 1
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CCommunity
Cost price (C.P.) of 5 cars = Selling price (S.P.) of 4 cars
⇒ Gain = C.P. of 1 car
Profit% = [Gain/C.P.]× 100 = [1/4] × 100 = 25%
∴ Profit% = 25%
⇒ Gain = C.P. of 1 car
Profit% = [Gain/C.P.]× 100 = [1/4] × 100 = 25%
∴ Profit% = 25%