The ratio of cost price and selling price is 5 : 4. The loss percent is:
Answer & explanation
Correct answer: option 1
Cost price selling price loss
5 4 = 1
Loss% = \(\frac{1}{5}\) × 100 = 20%
The ratio of cost price and selling price is 5 : 4. The loss percent is:
Correct answer: option 1
Cost price selling price loss
5 4 = 1
Loss% = \(\frac{1}{5}\) × 100 = 20%