Question

IF A PERSON LOSES 20% ON SELLING PRICE, THEN WHAT PERCENTAGE OF LOSS WILL BE MADE ON THE OTHER COST

Answer 1

Answer:

16.66%

Step-by-step explanation:

Hi,

Let the cost price be 'x'

Let the selling price be 'y'

Given that the person loses 20% on selling price

=> Loss = x - y = 20% of y

=> x - y = y/5

=> x = 6y/5

Loss made on the cost price will be

=  (x-y)/x

=   (6y/5 - y)/6y/5

= (y/5)/6y/5

= 1/6

Loss % = 100/6%

= 16.66 %.

Hope, it helped !