If the cost price of an article is 8/5. times of the selling price. Find the loss percent?
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Answered by
1
let cost price be x
selling price =8/5x
profit = s.p.-c.p.
profit=3/5x
gain(%)= gain×100/c.p.
gain(%)= {(3/5x)/x}×100
=(3/5)×100%
=60%...ans.
Answered by
1
Let the cost price be x
Selling price of the article = 8/5x
Explanation: profit = SP -- CP
= 8/5x -- x
(LCM= 5) = 8x -- 5x/5
= 3x/5
Profit % = Profit/CP × 100
= 3x/5/x × 100
= 3x/5 × 100/x
= 60%
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