Answer: The loss percentage = 65%
Step-by-step explanation:
Let x be the cost price.
As per given,
Selling price = [tex]\dfrac{7}{20}x[/tex]
Loss =Cost price - Selling price
[tex]=x-\dfrac{7}{20}x\\\\=\dfrac{20-7}{20}x\\\\=\dfrac{13}{20}x[/tex]
The loss percent = [tex]\dfrac{loss}{Cost\ price}\times100[/tex]
[tex]=\dfrac{\dfrac{13}{20}x}{x}\times100\\\\=\dfrac{13}{20}\times100\\\\=13\times5\%\\\\=65\%[/tex]
Hence, the loss percentage = 65%
