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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 -Â (A)
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