Question

if the ratio of cost price and selling price is 5:7, then the profit or loss percentage is _______ %​

Answer 1

Answer:

40%

Step-by-step explanation:

cost price : selling price = c:s = 5:7

s = 7a

c =5a

s-c = 2a

profit = 2a

profit/cost = 2/5 = 0.4

profit % = 40%