If a man estimates his loss as 20% of the selling price, then his loss per cent is:
Correct Answer: |
|
|
D) \( \Large \frac{50}{3}\% \) |
Description for Correct answer:
According to question,
Loss = 20% SP
i.e. \( \Large \frac{Loss}{SP}=\frac{1}{5} \)
\( \therefore \)CP = SP + Loss = 5 + 1 = 6
\( \therefore \)Loss%\( \Large =\frac{1}{6} \times 100=\frac{50}{3}\% \)
Part of solved Profit and Loss questions and answers :
>> Aptitude >> Profit and Loss