Question

An article was sold at a certain price . by selling it at one -fifth of that price ,the loss incurred would be 20% find the gain on the original price

Answer 1

Answer:

Let the fixed s.p be x

Now s.p=(2/3)x=2x/3( given)

L%=30

C.p=2x/3)(100/70)=20x/21

G=x-(20x/21)=x/21

G%=[(x/21)/(20x/21)]100

Upon simplification, 5%