An article was sold at a certain price. By selling it at 1/5 of that price, the loss incurred would be 20%. Find the gain on the original price.
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Step-by-step explanation:
By selling it at 1/5 of that price, the loss incurred would be 20%.
Let Assume CP = 100
Loss incurred = 20%
20 = 100 - SP
Then SP = 80
1/5 th of the orginal SP is 80. Then orginal SP = 80*5= 400
CP = 100; SP = 400
Profit percent = 300 %
Step-by-step explanation:
Refer to the attachment dear.....