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7.Profit and Loss
hard
$20 \%$ loss on selling price is what per cent loss on the cost price? (in $\%$)
A
$25$
B
$16 \frac{2}{3}$
C
$15$
D
$16 \frac{1}{3}$
Solution
Let, the $C.P.$ be $₹100.$
Let, the $S.P$ be $₹x,$ then
$\frac{100-x}{x} \times 100=20$
$\Rightarrow 100(100-x)=20 x$
$\Rightarrow 10,000-100 x=20 x$
$\Rightarrow 10,000=20 x+100 x$
$\Rightarrow 10,000=120 x$
$\Rightarrow \frac{10,000}{120}=x$
$\Rightarrow ₹ \frac{250}{3}=x$
Hence, required loss $\%$
$=100-\frac{250}{3}=\frac{50}{3}=16 \frac{2}{3} \%$
Standard 13
Quantitative Aptitude
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