model 3 gain/loss % with C.P/S.P Practice Questions Answers Test with Solutions & More Shortcuts

Question : 16 [SSC CGL Tier-I 2016]

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

a) 16$2/3$

b) 20

c) 16

d) 20

Answer: (a)

$20/100 = 1/5 = \text"C.P.- S.P."/\text"S.P."$

$5x_1 - 5y = y$

Where C.P. = Rs.$x_1$; S.P. = Rs.y

$5x_1$ = 6y ⇒ y = Rs.$5/6x_1$

$x = {x_1 - {5/6}x_1}/{x_1} × 100$

= $x_1/{6x_1} × 100 = 50/3 = 16{2}/3%$

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