The ratio of cost price and selling price is 8 : 11. The profit percent is:
Answer & explanation
Correct answer: option 4
Cost price selling price Profit
8 11 = 3
Loss% = \(\frac{3}{8}\) × 100 = 37.5%
The ratio of cost price and selling price is 8 : 11. The profit percent is:
Correct answer: option 4
Cost price selling price Profit
8 11 = 3
Loss% = \(\frac{3}{8}\) × 100 = 37.5%