Question
Download Solution PDFThe selling price of 10 objects is equal to the cost price of 8 objects. Find the loss or profit percentage.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling price (SP) of 10 objects = Cost price (CP) of 8 objects
Formula used:
Loss% = Loss/CP × 100
Calculation:
Let the cost price of 1 object be
So, CP of 10 objects = 10 × CP
Given that SP of 10 objects = CP of 8 objects
So, SP of 10 objects = 8 × CP
We need to find the profit or loss percentage.
Profit or Loss = SP - CP
Here, SP of 10 objects = 8 × CP
CP of 10 objects = 10 × CP
Loss = CP - SP = 10 × CP - 8 × CP
Loss = 2 × CP
Loss = 2CP/10CP × 100
Loss = 1/5 = 20%
The loss percentage is 20%.
Last updated on Jun 23, 2025
->MP Mahila Supervisor Merit List has been released on the official website. Candidates can now download it.
->MP Mahila Supervisor Answer Key had been released on the official website. Candidates are invited to raise objections till 20th April 2025.
-> Earlier, MP Mahila Supervisor Hall Ticket for the written examination was released.
-> Total number of 660 vacancies have been announced for the MP Female Supervisor post.
-> Candidates had applied online from 9/01/2025 to 23/01/2025.
->The salary of the appointed candidates will be in the pay-scale of Rs. 5,200-20,200 with grade pay of Rs. 2400 per month.