Question

An article was sold for Rs.300 at a profit of 20%. Had it been sold for Rs.235 what would have been the loss percent.

Answer 1

Answer:

Let the cost price of article = Rs.x

Then, 120% of x = 300

120×x100 = 300

x = 300×100120 = Rs.250

Now, SP = 235

Then, loss percentage

= 250−235250×100 = 6%