Question

If the selling price of a flower vase is5/6 of its costprice, find the loss percent.

Answer 1

Let the cost price of a flower vase be 100

According to the question

Selling price= 100×5/6=250/3

Loss=100-250/3

$= \frac{300 - 250}{3} \\ = \frac{50}{3} \\ = 16.67$

Loss%=

$( \frac{loss}{cp} \times 100)\% \\ = ( \frac{ 16.67}{100} \times 100)\% \\ = 16.67 \%$