If a man estimates his loss as 20% of the selling price,

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If a man estimates his loss as 20% of the selling price, then his loss percent is :

Let the C.P. be $ 100
From the question ,

∴ C.P. – S.P. =	1	S.P.
	5

⇒ 100 – S.P. =	1	S.P.
	5

⇒ 100 =		1 +	1			S.P.
			5

⇒ 100 =	6	× S.P.
	5

⇒ S.P. =		100 × 5	= $	250
		6		3

Loss % =	50	%
	3