If the selling price of an article is 25% of its cost price, then what will be the loss percentage?
Show answer & explanation
Correct answer: C
Explanation
Correct Answer is option 3 i.e. 75%
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Understanding |
Application |
Calculation |
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Selling price of an article is 25% of its cost price. |
SP = 0.25CP ⇒ CP/SP = 4/1 |
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CP : SP = 4 : 1 |
Loss percentage = 75%
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⇒ [(4 – 1)/4] × 100 ⇒ 3/4 × 100 ⇒ 75
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