Question 12

If the loss incurred on selling an article is 23%, then what will be the ratio of its cost price and selling price?

Solution

Let cost price = Rs. 100

Loss % = 23%

=> Selling price = $$100-(\frac{23}{100}\times100)=Rs.$$ $$77$$

$$\therefore$$ Ratio of its cost price and selling price = $$100:77$$

=> Ans - (A)


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