Question

An article was sold at a certain price. By selling it at 1/5 of that price, the loss incurred would be 20%. Find the gain on the original price. ​

Answer 1

Step-by-step explanation:

By selling it at 1/5 of that price, the loss incurred would be 20%.

Let Assume CP = 100

Loss incurred = 20%

$loss \: percent = \frac{(cp - sp)}{cp} \times 100$

20 = 100 - SP

Then SP = 80

1/5 th of the orginal SP is 80. Then orginal SP = 80*5= 400

CP = 100; SP = 400

$profit \: percent = \frac{(sp - cp)}{cp} \times 100$

Profit percent = 300 %

Answer 2

Step-by-step explanation:

Refer to the attachment dear.....