By selling 40 pens, a shopkeeper suffers a loss equal to the SP of 5 pens. find his loss percent.
please explain step by step
The answer should 91/9%.
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Answer:
It's given that a shopkeeper suffers a loss which is equal to the SP of 5 pens. And we
have to find the loss percentage.
SP of 5 pens = 5x
Let the SP of a pen be x
So, the SP of 40 pens be 40x
We also know that the loss was equal to SP of 5 pens = 5x
★ Loss CP - SP
=>5x = CP - 40x => CP = 40x + 5x
=> CP = 45x
We also know that,
★ Loss% = (loss/CP) × 100
=> loss% = (5x/45x) x 100
=> loss% = 1/9 × 100
=> loss% = 100/9
=> loss% = 91/9
Therefore, the loss percentage of the shopkeeper iz 9 1/9.
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