Question

The cost price of an Article is 5/4 times of its selling price. Find the loss or the profit as percent.

Answer 1

Given - Relationship between cost price and selling price

Find - Loss or profit percentage

Solution - Loss percent on the article is 20%.

Let the selling price of an article be x. The cost price of the article will be 5/4x. Since the cost price is more than the selling price, the loss occurred.

Loss = 5/4x - x

Loss = 5x - 4x/4

Loss = x/4

Loss percentage = loss/cost price*100

Loss percentage = (x/4)/(5x/4)*100

Loss percentage = 100/5

Loss percentage = 20%

The loss per cent of the article is 20%.