If the selling price of an article is $\frac{3}{4}$ times its cost price, the profit/loss percent is:
Answer & explanation
Correct answer: option 2
Selling price of an article = $\frac{3}{4}$ times its cost price
\(\frac{SP}{CP}\) = \(\frac{3}{4}\)
Loss = 4 - 3 = 1
Loss% = 1 × \(\frac{100}{4}\) = 25%