Selling price of 14 articles is equal to cost price of 10 articles. Find profit or loss percentage.
Answer & explanation
Correct answer: option 4
S.P. of 14 = C.P. of 10
C.P : S.P. = 14 : 10 = 7 : 5
Loss = 2
Loss Percent = \(\frac{2}{7}\) × 100% = 28 \(\frac{4}{7}\) % = 28.57%