Question

If the ratio of cost price and the selling price is equal to 4:3, then determine the loss percentage.

Answer 1

the answer is 25% loss

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%