Question

find loss or profit percentage if the cost price of an article is 20% more than its selling price​

Answer 1

Step-by-step explanation:

Given,cost price is 20%more than its selling price.

let,

selling price=x

cost price=20%+x

here C.P >S.P

loss= C.P -S.P

= 20%+x-x

=20%=1/5

loss%=loss/C.P×100

=1/5/20%+x×100

=100/1+5x

= 100/1+5S.P

Answer 2

Loss% would be 16.67%.

Step-by-step explanation:

Since we have given that

Cost price of an article is 20% more than its selling price.

So, it becomes,

CP=$\dfrac{100+20}{100}\times SP=\dfrac{120}{100}SP$

So, it becomes,

$\dfrac{CP}{SP}=\dfrac{120}{100}$

So, there will be profit.

So, loss % would be

$\dfrac{120-100}{120}\times 100\\\\=\dfrac{20}{120}\times 100\\\\=16.67\%$

Hence, loss % would be 16.67%.

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Find loss or profit percentage if the cost price of an article is 20% more than its selling price​

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