Selling price of 12 articles is equal to cost price of 9 articles. Find profit or loss percentage.
Answer & explanation
Correct answer: option 3
ATQ,
12S = 9C
⇒ S → 3, C → 4
Loss% = \(\frac{(4-3)}{4}\) × 100 = 25%
Selling price of 12 articles is equal to cost price of 9 articles. Find profit or loss percentage.
Correct answer: option 3
ATQ,
12S = 9C
⇒ S → 3, C → 4
Loss% = \(\frac{(4-3)}{4}\) × 100 = 25%