SOLUTION: If the sale of an article resulted in a loss of 20% on the cost price, then the cost price as a percentage of the selling price is?

Question 1179540: If the sale of an article resulted in a loss of 20% on the cost price, then the cost price as a percentage of the selling price is?
Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!

Selling at a 20% loss means the item sold for 80% of its cost.

80% as a fraction is 4/5, so the selling price was 4/5 of the cost price; that means the cost price was 5/4 of the selling price.

5/4 as a decimal is 1.25, which is 125%.

ANSWER: the cost price was 125% of the selling price.

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