A shopkeeper sells 5 mangoes at a price he bought 4 mangoes. What percentage (%) of loss or gain?

A shopkeeper sells 5 mangoes at a price he bought 4 mangoes. What percentage (%) of loss or gain? Correct Answer 20%

Let the price of 4 mangoes bought be X. Price per mango bought = X/4 Price per mango sold = X/5 Loss = (X/4 - X/5) / (X/4) × 100% = (X/20) / (X/4) ×100% = 20%
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