If the selling price of an article is $$\frac{3}{4}$$ times its cost price, the profit/loss percent is:
If the selling price of an article is $$\frac{3}{4}$$ times its cost price.
Let's assume the cost price of the article is 4y.
the selling price of article =Â $$\frac{3}{4}\times4y$$ = 3y
As we know that the cost price of the article is more than its selling price. So there will be a loss.
loss percent =Â $$\frac{\left(\cos t\ price\ -\ selling\ price\right)}{\cos t\ price}\times100$$
=Â $$\frac{\left(4y\ -\ 3y\right)}{4y}\times100$$
= $$\frac{y}{4y}\times100$$
= 25%
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