Question

If the s.p of a chair is 4/5 of its c.p then find the loss%

Answer 1

Answer:

Loss percentage = 20%

Explanation:

Let c.p = Rs x

s.p = 4x/5

Loss (L)= c.p-s.p

= x-4x/5

= (5x-4x)/5

= x/5

Now,

Loss percentage = (L×100)/c.p

=[(x/5)×100]/x

= (x×100)/5x

= 20%

Therefore,

Loss percentage = 20%

••••