Question
Download Solution PDFIf the ratio of the cost price and the selling price is 5 ∶ 4, then percentage loss is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Ratio of cost price and selling price = 5 : 4.
Formula used:
Loss% = \(\dfrac{cost \ price - selling \ price}{cost \ price}\) × 100
Calculations:
Let selling price be 4x and cost price be 5x.
Loss% = \(\dfrac{5x - 4x}{5x}\) × 100
= \(\dfrac{x}{5x}\) × 100
= 20%
∴ The answer is 20%.
Last updated on Jun 30, 2025
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