The selling price of a sofa set is 4/5 times or its cost price find the gain or the loss percent
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Solution:
A/Q Let the cost price (CP) be x.
Then, the selling price (SP) will be
= 4/5 of x
= (4/5) × x
=4x/5
Since, CP is greater than SP, there is loss.
Loss= CP - SP
= (4x/5) - x
= x/5
As loss is x/5, then Loss%
= {(loss/CP)×100}%
= {(x/5x)×100}% (The Xs get cancelled down)
= (100/5)% (Divide 100 by 5, you get 20)
= 20%
Therefore, from the above given sofa set we got a loss of 20%.
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A/Q Let the cost price (CP) be x.
Then, the selling price (SP) will be
= 4/5 of x
= (4/5) × x
=4x/5
Since, CP is greater than SP, there is loss.
Loss= CP - SP
= (4x/5) - x
= x/5
As loss is x/5, then Loss%
= {(loss/CP)×100}%
= {(x/5x)×100}% (The Xs get cancelled down)
= (100/5)% (Divide 100 by 5, you get 20)
= 20%
Therefore, from the above given sofa set we got a loss of 20%.
If useful, plz mark as the brainliest....Hope it helps...........
Best Wishes..!!
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4
Answer:
20%
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