An article is sold at 20% less than its cost price. If the selling cost is 50 rupees and the selling cost is 5% of the selling price, find the loss. (Selling cost here is the expense occurred to sell the article, it is levied on the seller)

An article is sold at 20% less than its cost price. If the selling cost is 50 rupees and the selling cost is 5% of the selling price, find the loss. (Selling cost here is the expense occurred to sell the article, it is levied on the seller) Correct Answer 300 rupees

Let the cost price be x. The selling cost = 50 rupees which is 5% of the selling price 5% of the selling price = 50, 100% of the selling price = 50 / 5 * 100 = 1,000 rupees The selling price is 20% less than the cost price = 80% of the cost price 80% of the cost price = 1000, 100% of the cost price = 1000 / 80 * 100 = 1250 Loss = cost price – loss = 1250 – 1000 = 250 Here the selling cost is levied on the seller, so the loss includes the selling cost. Final loss = 250 + 50 = 300 rupees
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