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19 vote

Loss of 20% on selling price is equal to x% loss in cost price. What is x?

Asked on by | Votes 19 | Views: 218 | Tags: ssc     | ssc cgl     | ssc cgl tier 1     | ssc cgl 2016     | ssc cgl 11 09 2016     | profit and loss     | quantitative aptitude     | Add Bounty

Loss of 20% on selling price is equal to x% loss in cost price. What is x?
1). 20%
2). 20
3). $16\frac{2}{3}$ %
4). 16

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2 answers

27 vote
Answered by on | Votes 27 |
I am not sure, may be $16\frac{2}{3}$ % is correct

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21 vote
Answered by on | Votes 21 | | Last Updated: 2021-12-21 15:56:16

Solution; 

SP = 100 %

Loss = 20%

Since , CP = SP + Loss

CP = 100 + 20 = 120% 

Loss on C.P = (20/120)×100

= 200/12

= 16 (2/3)%

So, the correct option is 16 (2/3)%.

Accepted Answer




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