Question

selling price - 80000 cost price - ? loss % - 20% ​

Answer 1

Answer:

If selling price is less than the cost price (S.P. < C.P.), there is a loss.

Loss = cost price - selling price

or, cost price = loss + selling price

Selling price = cost price - loss

Loss% → loss on $100 is called loss%

Loss percent is always calculated on cost price

So, loss% = loss/cost price × 100

Answer 2

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