Question 49

If cost price of 5 cars is equal to selling price of 4 cars. Find the percentage of profit or loss?

Solution

Let c.p of 1 car = Rs 1

cost price of 5 cars is = selling price of 4 cars = Rs 5

cost price of 4 cars = Rs 4

Profit = 5 - 4 = 1

Profit % = $$\frac{1}{4}\times\ 100=25\%$$

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