Question

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

Answer 1

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${\Huge{\underline{\underline{\bf{\maltese Question:-}}}}}$

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

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${\Huge{\underline{\underline{\bf{\maltese Answer:-}}}}}$

Let x be the cost price of article.

Therefore,

x−

100

20

x=700

x−

5

x

=700

5x−x=3500

x=

4

3500

=875

Thus the cost price of article is Rs.875.

Now to make profit of 20%,

Selling price

=875+

100

20

×875

=875+175=Rs.1050

Hence, to make 20% profit, the article should be sold for Rs.1050.

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