If the loss incurred on selling an article is 7/20 of the cost price, then find the loss percentage.

Question

asked Jan 3, 2022 171k views

1 Answer

Lorenzo Morelli · Answer 1 · 2022-01-07T18:07:08+0000

Answer: The loss percentage = 65%

Explanation:

Let x be the cost price.

As per given,

Selling price =
(7)/(20)x

Loss =Cost price - Selling price

$=x-(7)/(20)x\\\\=(20-7)/(20)x\\\\=(13)/(20)x$

The loss percent =
$(loss)/(Cost\ price)*100$

$=((13)/(20)x)/(x)*100\\\\=(13)/(20)*100\\\\=13*5\%\\\\=65\%$

Hence, the loss percentage = 65%