Question

By selling an article a man loses 5 % on cost. The equivalent loss percent on sale is

Answer 1

Answer:

5.26 %

Step-by-step explanation:

Let say Cost Price = 100 C

5 % loss on Cost = (5/100)100C = 5C

=> Selling Price = 100C - 5C = 95C

Loss = 5C

Selling Price = 95 C

Loss % on sale  = (5C/95C)  * 100  = 100/19

= 5.26 %

The equivalent loss percent on sale is 5.26 %