If the cost price of 4 apples is equal to the selling price of 5 apples then the loss is

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Given:

The cost price of 5 apples is equal to the selling price of 3 apples

Formula Used:

Profit % = (SP – CP) /CP × 100

Loss % = (CP – SP)/CP × 100

Calculation:

Let the CP of 1 apple be Rs. x

According to the question,

5 × x = 3 × SP of apples

⇒ SP of 1 apple = (5 × x)/3

⇒ SP of 1 apple = 5x/3

⇒ SP of 1 apple > CP of 1 apple

Profit = SP of 1 apple – CP of 1 apple 

⇒ Profit = 5x/3 – x

⇒ Profit = 2x/3

⇒ Profit % = (2x/3)/x × 100

⇒ Profit % = 2/3 × 100

⇒ Profit % = 66.66%

∴ Profit % is 66.66%

According to the question,

5CP = 3SP

⇒ CP/SP = 3/5

Profit = SP – CP

⇒ Profit = 5 – 3

⇒ Profit = 2

Profit % = Profit/CP × 100

⇒ Profit % = 2/3 × 100

⇒ Profit % = 66.66%

∴ Profit % is 66.66%

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