Question

7. If the selling price of an article is 4/5 th of its cost price, find the loss per cent.​

Answer 1

Answer:

Let the cost price be x.

Then, selling price:

5

4

x

Loss = C.P.-S.P.=x−

5

4

x=

5

1

x

Loss percent =

Cost Price

Loss

×100%

=

x

x/5

×100%

=

5

1

×100%

=

20%