Question

An article bought for Rs1000 is sold in fourth-fift of the cost prize . What is the profit percentage?

Answer 1

-20%

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%