Question

If the ratio of cp and sp is 10:7 find the gain or loss percentage

Answer 1

loss=(3/10)×100
=3×10
=30%

Answer 2

Answer: 42 6/7%

Step-by-step explanation: as the cp is greater than sp, it’s a loss. Loss= CP-SP = 10-7= 3

Loss% = loss/CP * 100 = 3/7 * 100 = 42 6/7 %