Question

The selling price of a sofa set is 4/5 times of its cost price find the gain or the loss as percent​

Answer 1

Loss 20%

Step-by-step 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 2

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 %