Question

an item was sold at three - fourths of its cost price . Find the loss percent in the transaction. ​

Answer 1

Step-by-step explanation:

Let CP of whole be Rs x.

CP of 3/4th = Rs 3x/4

CP of 1/4th = Rs x/4

∴ Total SP = Rs [(120% of 3x/4) + x/4]

Rs (9x/10 + x/4) = Rs 23x/20

Gain = Rs (23x/20 - x) = Rs 3x/20

∴ Gain % = (3x/20 X 1/x X 100)%

∴ Gain % = 15%.(ANS.)