If the cost price of six items is equal to the selling price of seven items, then what will be the percentage profit or loss?
Given:
Cost Price of 6 items = Selling Price of 7 items
Formula Used:
Solution:
Let the Cost Price of 1 item = ₹1
Then, CP of 6 items = ₹6
So, SP of 7 items = ₹6
SP of 1 item = ₹
Since SP < CP, it's a loss.
Loss per item = ₹1 -
Loss %
Alternate Method:
6 CP = 7 SP
Difference = 7 - 6 =1 (Since, SP < CP, it's a loss)
Loss % = 14.28%
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