If the selling price of a flower vase is of its cost price, find the loss per cent.

Question

Philoid · Accepted Answer

Let × be the CP of Flower Vase

CP = x

SP = (x) × 5/6

= 5x/6

Loss = CP –SP

= × – 5x/6

= x/6

Loss Percent = (Loss × 100) / CP

= (x/6 × 100) / x

= 100/6

= 16.66%

So, If Flower vase set is sold at 5/6 price of its CP. Then Loss percent will be 16.66%.