The selling price of a sofa set is 4/5 times of its cost price find the gain or the loss as percent
2 answers:
Answer:
Loss 20%
Explanation:
Original price = 100%
100% = 100/100 = 1
1 = 5/5
4/5 - 5/5 = -1/5
-1/5 = -0.2
-0.2*100 = -20%
Answer : 20
Explanation: Given, S.P.=
5
4
C.P.
Loss=C.P.−S.P.=C.P.−
5
4
C.P.=
5
1
C.P.
Since, SP<CP, there is a loss
Loss % =
C.P.
Loss
×100=
5
1
×100=20 %
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