Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If the selling price of an article is $\frac{3}{4}$ times its cost price, the profit/loss percent is:

Options:

25% profit

25% loss

$33\frac{1}{3}$% profit

$33\frac{1}{3}$% loss

Correct Answer:

25% loss

Explanation:

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%