Question

if the ratio of cost price and selling price is 4:3 then determine the loss percentage ​

Answer 1

Answer:

25%

Step-by-step explanation:

• The ratio of cost price and selling price is 4:3
• Loss or gain is the difference in the selling price and the cost price.
• We have CP/SP ratio as 4/3, but we need SP/CP ratio for our loss or gain calculation.
• Reverse of the given ratio gives us: SP/CP=3/4
• The difference in CP and SP is 1/4 which is equal to 25% loss

So the answer is 25%

Answer 2

Answer:

25%

Step-by-step explanation:

Cost Price : Selling Price = 4 : 3

Cost Price/Selling Price = 4/3

3 x Cost Price = 4 x Selling Price

Define x:

Let the cost price be x

Find the selling Price in term of x:

3x = 4 (Selling Price)

Selling Price = 3/4x

Find the loss in term of x:

Loss = Selling Price - Cost Price

Loss = 3/4 x - x = 1/4x

Find the loss percentage:

Loss Percentage = Loss/Cost Price x 100

Loss Percentage = (1/4 x ÷ x) x 100 = 25%

Answer: The loss percentage is 25%