Question

The selling price of an article is two third of its cost. What us the loss per cent

Answer 1

Answer:

The loss percentage on the article is 33.33%.

Step-by-step explanation:

SP of the article=(2/3)×CP of the article.

Let the CP of the article be x.

So, SP of the article=2x/3

Loss on the article

=CP of the article-SP of the article

=x-(2x/3)

=(3x-2x)/3

=x/3

Loss percentage on the article

=((Loss /CP) ×100)%

=(((x/3)/x) ×100)%

=((1/3)×100)%

=(100/3)%

=33.33%.