if the selling price of an article is 4/7 of its c.p find gain %
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Answered by
1
20%
Step-by-step explanation:
Let the cost price of an item be x
We are given that the selling price of an article is \frac{4}{5}th
5
4
th of it's cost price
SP of an item = \frac{4}{5}x
5
4
x
Loss = CP - SP = x-\frac{4}{5}x=\frac{1}{5}xx−
5
4
x=
5
1
x
Loss% = \frac{loss}{CP} \times 100
CP
loss
×100
Loss% = \frac{\frac{1}{5}x}{x} \times 100
x
5
1
x
×100
Loss% = \frac{\frac{1}{5}}{1}\times 100
1
5
1
×100
Loss% = 20\%20%
Hence the loss% is 20%
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Answer:
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