By selling 80 oranges, a vendor loses the cost price of 20 oranges. His loss% is?
Answer & explanation
Correct answer: option 3
Loss = CP - SP
CP = cost price of 1 orange
Sp = selling price of 1 orange
Loss = CP of 20 oranges
80CP - 80SP = 20CP
60CP = 80SP
CP : SP
4 : 3
Loss % = \(\frac{1}{4}\) x 100 = 25%