Question

arnav bought an article and sold it at a price 4/5 times its cost price, find profit and loss percentage

Answer 1

Answer:

Step-by-step explanation:

Answer 2

The loss percentage is 20%

Step-by-step explanation:

Let the cost price be x

We are given that he sold article  at a price 4/5 times its cost price

So, Selling price =$\frac{4}{5}x$

CP>SP

So, Loss

Loss= CP-SP =$x-\frac{4}{5}x = 0.2 x$

$Loss\% = \frac{Loss}{CP} \times 100$

$Loss\% = \frac{0.2x}{x} \times 100$

$Loss\% =20\%$

Hence The loss percentage is 20%

#Learn more:

C.p=4500

expenses=500

loss=1000

loss percentage=20

find the s.p and profit and profit percentage

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