Question

the selling price of a sofa set is 4/5th times its cost price find the gain or loss percent

Answer 1

hola!

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The selling price of a sofa set is 4/5th times its cost price find the gain or loss percent

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here is the solution..............

ATQ,

sp = 4/5 *cp

loss = cp - sp

           = cp - 4/5cp

             => 1/5cp

loss% = loss*100/cp

=> 1/5cp *100/cp

=>  loss% = 20%

:)