if toffees bought at the rate of 5 for a rupee are sold at the rate of 6 for a rupee,then loss percent is
chandru62:
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Answer:
16.7%
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Step-by-step explanation:
Cost price per toffee is C = 1/5 rupees.
Sale price per toffee is S = 1/6 rupees.
Since S < C, this is indeed a loss.
The size of the loss is
L = C - S.
As a proportion of the cost price, this is
L/C = 1 - S/C.
Expressed as a percentage, this is
Percentage loss = ( 1 - S/C ) × 100%
= ( 1 - (1/6)/(1/5) ) × 100%
= ( 1 - 5/6 ) × 100%
= 1/6 × 100%
= 100/6%
≈ 16.7% (approx)
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