Question

A customer buys a fridge at 4/5 th of it original value and sells it at 20% below its original value, what is the loss to the customer.

Answer 1

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Answer 2

Answer:

Step-by-step explanation:

To answer this question we should understand that we are working with unknowns.

This is because we do not know the original price.

Now let the original price be x.

From the question :

The customer buys it at :

4/5 × x = 4/5x

He later sells it at 20% lower the original price.

This is given by :

(100 - 20) = 80%

Now 80% of the original price is :

80/100 × x = 4/5x

From this we see that the buying price equals the selling price so there is no loss or gain.