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Question
A cloth costs Rs. 675. If it is sold at a loss of 20%, what is its cost price as a percentage of its selling price?
Solution
C.P. = ₹ 675
Loss% = 20%
∴ Loss made in selling = `20/100 xx 675` = ₹ 135
S.P. = C.P. – Loss
= 675 – 135
= ₹ 540
Let C.P. be x % S.P.,
Then 675 = `"x"/100 xx 540`
∴ x = `(675 xx 100)/540`
= `5/4 xx 100 = 125`
∴ The cost price is 125% of the selling price.
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