The selling price of a sofa-set is 4/5 times of its cost price. Find the gain or the loss as a percent. - Mathematics
The selling price of a sofa-set is `4/5` times of its cost price. Find the gain or the loss as a percent.
Let the cost price (C.P.) =1
∴ Loss =`1-4/5=(5-4)/5=1/5` ....[∵ loss = C.P. − S.P.]
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