An article bought for Rs1000 is sold in fourth-fift of the cost prize . What is the profit percentage?
1 answer:
Answer:
-20%
Step-by-step explanation:
Given that :
Purchase price = Rs1000
Price sold = 4/5 of the purchase price
Price sold = 4/5 * 1000 = Rs. 800
Profit Percentage :
(price sold - purchase price) / purchase price * 100%
(800 - 1000) / 1000 * 100%
(-200 / 1000) * 100%
-0.2 * 100%
-20%
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