if loss incurred on selling a flower vase in 1/5 of the cost price , find the loss percentage
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if loss incurred on selling a flower vase in 1/5 of the cost price , find the loss percentage
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Answer:
80%
Step-by-step explanation:
Let the cost price be 5x.
Selling Price = 1/5 of 5x = x
Loss = CP - SP = 5x - x = 4x
Loss percent = Loss/CP × 100 = 4x/5x × 100 = 80%
80% is the right answer
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