Question

If the ratio of the cost price of an article to its selling price is 7:5 , then what is the loss percent?​

Answer 1

Answer:

Step-by-step explanation:

The ratio between the sale price and cost price of an article is 7x:5x.

Then the profit becomes 7x−5x which is 2x.

So, the ratio between profit and cost price is 2x:5x or 2:5.