if the ratio of the cost price of an article to its selling price is 6:5 then what is loss percent fast pls my exam are going on
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Given : the ratio of the cost price of an article to its selling price is 6 : 5
To Find : the loss percent
Solution:
Let say cost Price = 6x
Then Selling Price = 5x
Selling Price < Cost Price
Hence loss
Loss = Cost Price - Selling Price
=> Loss = 6x - 5x
=> Loss = x
Loss % = (Loss / Cost Price ) * 100
=> Loss % = ( x/ 6x) * 100
=> Loss % = (1/6) * 100
=> Loss % = 16.67
Loss percentage is 16.67 %
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