Arpita solda saree and saw that the ratio of cost price and selling price is 24 25. Find her loss/profit percent?
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Answer:
4.08163265% Profit approx
Step by Step solution
first we'll calculate LCM of 24 & 25 to make calculation easier
LCM= 600
Hence let the cost be ₹x
therefore CP= 24x
SP= 25x
therefore 24x + 25x= 600
x= ₹12 approx
CP= ₹294 approx
SP= ₹306 approx
as SP>CP, there is profit
hence P%= 100P/CP
= 1200/294= 4.08163265% Profit approx
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