The ratio of the selling price and the cost price of an article is 1 : 2. What is the loss percentage?
Answer & explanation
Correct answer: option 1
Selling price : cost price = 1 : 2
Loss = 2 - 1 = 1
Loss% = 1 × \(\frac{100}{2}\) = 50%
The ratio of the selling price and the cost price of an article is 1 : 2. What is the loss percentage?
Correct answer: option 1
Selling price : cost price = 1 : 2
Loss = 2 - 1 = 1
Loss% = 1 × \(\frac{100}{2}\) = 50%