Question

If a person loses 20% on selling price, then what precentage of loss will be made on cost price

Answer 1

Let selling price is 100 Rs.

a/c to question, the person loses 20% on selling price.

so, loss = 20% of selling price = 20 × 100/100
= 20 Rs.

now, cost price = loss + selling price

= 20 + 100 = 120 Rs.

so, % loss on cost price = loss/cost price × 100

= 20/120 × 100

= 100/6 = 50/3 = 16 2/3 %

hence, 16 2/3 % of loss will be made on cost price.