Question

If 12^1/2% loss is incurred by selling a bicycle, what is the ratio of purchase price to selling price?​

Answer 1

Answer:

Purchase price : selling price = 8 : 7

Step-by-step explanation:

Loss % = 12^1/2% = 25/2%

Let the purchase price be 100

So

Loss = 100 × 25/2% = 100 × 25/2×100 = 25/2

Selling price = purchase price - loss

Selling price = 100 - 25/2 = (200-25)/2 = 175/2

Ratio =

Purchase price : selling price

= 100 : 175/2

= 100 × 2 : 175

= 200 : 175

= 8 : 7