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The cost price of an article is 45 times of its selling price. Find the loss or the gain as a percent. - Mathematics

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Question

The cost price of an article is `4/5` times of its selling price. Find the loss or the gain as a percent.

Sum
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Solution

Let S.P. = 1

C.P. = `4/5 xx 1`

= `4/5`

∴ Gain = S.P. − C.P.

= `1 - 4/5` 

= `(5 - 4)/5`

= `1/5`

∴ Gain % = `"Gain"/"C.P." xx 100`

= `(1/5)/(4/5) xx 100`

= `1/5 xx 5/4 xx 100`

= 25%

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Chapter 8: Profit, Loss and Discount - Exercise 8 (A) [Page 90]

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Selina Concise Mathematics [English] Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (A) | Q 9 | Page 90
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