Question 58

Selling price and cost price of a book are in the ratio of 3 : 4. What will be the profit/loss percentage?

Solution

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Ratio of S.P. and C.P. = $$3:4$$

Let cost price = Rs. 4 and selling price = Rs. 3

=> Loss % = $$\frac{4-3}{4}\times100=25\%$$

=> Ans - (A)

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