if the selling price of a bucket is two-seventh of its price , then find loss percentage
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Let S.P of fan = x Rs
Profit = (2/7) × x
Therefore C.P = S.P - Profit = x - 2x/7 = (7x - 2x) /7 = 5x/7.
Now applying unitary method
If C.P is 5x/7 then profit = 2x/7
If C.P is 1 then profit = (2x/7) × (7/5x)
If C.P is 100 then profit = (2x/7) / (7/5x) ×100 = 40%
Ans 40%
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