Question

The selling price of an article is 3/4 of its cost price.Find gain or loss%.

Answer 1

Given:

• Selling Price of an article is 3/4 of its cost price.

To Find:

• Find gain or loss% = ?

Solution:

Let's say that, the cost price = Rs. x

$\therefore \sf \: selling \: price \: = \frac{3x}{4} rupees$

Formula to be used:

$\sf \implies \: loss = cost \: price - selling \: price$

Substitute the values:

$\sf \implies \: loss = x - \frac{3x}{4} \\ \\ \sf\implies \:loss = \frac{x}{4} rupees$

Formula to be used:

$\sf \implies \: loss \: percent = \frac{loss \times 100}{cost \: price}$

Substitute the values:

$\sf \implies \: loss \: percent = \frac{x}{4} \times \frac{1}{x} \times 100 \\ \\ \sf \implies \: loss \: percent = 25 percent$

Hence,loss percent is 25%.