If a man estimates his loss as 20% of the selling price, then his loss percent is = ?
A. 20%
B. 25%
C. $$\frac{{40}}{3}$$%
D. $$\frac{{50}}{3}$$%
Answer: Option D
Solution(By Examveda Team)
According to the question,Loss = 20% Selling price
$$i.e.\frac{{{\text{Loss}}}}{{{\text{Selling price}}}} = \frac{1}{5}$$
∴ Cost price = Selling price + Loss
= 5 + 1
= 6
$$\eqalign{ & \therefore {\text{Loss}}\% = \frac{1}{6} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{{50}}{3}\% \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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