Question

If the loss incurred on selling an article is 7/20 of the cost price, then find the loss percentage.

Answer 1

Solution :-

Let us assume that, the cost price of the article is Rs. 100x .

So,

→ Cost Price = Rs. 100x

→ Loss = (7/20) of CP = (7/20) * 100x = Rs. 35x .

then,

→ Loss % = (Loss in Rs. * 100) / CP = (35x * 100)/100x = 35% (Ans.)

therefore, required loss % is equal to 35% .

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