the ratio of the cost price of an article to its selling price is 8: 6. Find the loss percent?
Answers
Answer:
25%
Step-by-step explanation:
As per question, the ratio between the cost price and selling price = 8:6
So the selling price in terms of percentage of the cost price
= 6/8*100
= 3/4 * 100
= 75
As the selling price is just 75% of 100% of the cost, the loss percentage = 100–75 =25%
Given : the ratio of the cost price of an article to its selling price is 8: 6.
To Find : the loss percent
Solution:
Let say cost Price = 8x
Then Selling Price = 6x
Selling Price < Cost Price
Hence loss
Loss = Cost Price - Selling Price
=> Loss = 8x - 6x
=> Loss = 2x
Loss % = (Loss / Cost Price ) * 100
=> Loss % = ( 2x/ 8x) * 100
=> Loss % = (1/4) * 100
=> Loss % = 25
Loss percentage is 25 %
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