if the selling price of an article is 4/5 th if it's cost price, find the loss persent
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Explanation:
let, the s.p of an article=100/-
4/5th of s.p = 4/5*100 = 80/-
% loss= cp-sp/cp * 100
100–28= x-80/x *100
by solving you will get x= 8000/27 which can be further simplified as 1000/9
i.e cp= x = 1000/9
now, sp = 6/5 * 100 = 120/-
%p= sp-cp/cp * 100
%p= 120 - 8000/27 / 8000/27 * 100
solving above equation
%p = 8%
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