The ratio of the selling price to the cost price in a transaction is 4 : 5. If the selling price is ₹80, then how much is the loss?
Answer & explanation
Correct answer: option 3
Ratio of selling price and cost price = 4 : 5
Let the cost price = 4x
Let the selling price = 5x
then, loss = 5x - 4x = x
4x = 80 Given
x = 20