Selling price and cost price of a book are in the ratio of 3 : 4. What will be the profit/loss percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 25% loss.
| Understanding/Application |
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Let the common ratio be x. S.P. and C.P. of book be 3x and 4x. |
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Loss = C.P. - S.P. = 4x - 3x = x Loss% = [(x/4x) × 100] = 25% |