SOLUTION: By selling a purse for ₹250,Ranjana loses one-sixth of what it cost to her. Find (1)the cost price of the purse (2)her loss percentage

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: By selling a purse for ₹250,Ranjana loses one-sixth of what it cost to her. Find (1)the cost price of the purse (2)her loss percentage       Log On


   

Question 1016715: By selling a purse for ₹250,Ranjana loses one-sixth of what it cost to her. Find
(1)the cost price of the purse
(2)her loss percentage
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +c+ = her cost
+250+=+%285%2F6%29%2Ac+
+c+=+%286%2F5%29%2A250+
+c+=+300+
Her cost was 300
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The loss was +300+-+250+=+50+
+50%2F300+=+1%2F6+
+%28+1%2F6+%29%2A100+=+16.67+
The percent loss was 16.67%