If a man estimates his loss as 20% of the selling price, then his loss percent is = ?

120%
225%
3⁴⁰/₃%
4⁵⁰/₃%

Answer:- 1

Explanation:-

Solution:

According to the question,
Loss = 20% Selling price

i . e . \frac{Loss}{Selling price} = \frac{1}{5}

$i.e.\frac{{{\text{Loss}}}}{{{\text{Selling price}}}} = \frac{1}{5}$ ∴ Cost price = Selling price + Loss = 5 + 1 = 6

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∴ Cost price = Selling price + Loss = 5 + 1 = 6 ", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

According to the question,
Loss = 20% Selling price

i . e . \frac{Loss}{Selling price} = \frac{1}{5}

$i.e.\frac{{{\text{Loss}}}}{{{\text{Selling price}}}} = \frac{1}{5}$ ∴ Cost price = Selling price + Loss = 5 + 1 = 6 ", "dateCreated": "7/24/2019 10:09:12 AM" } }