The ratio of the cost price and the selling price is 5 : 3. What is the loss percentage?
Answer & explanation
Correct answer: option 2
The ratio of the cost price and the selling price is 5 : 3
Loss = 5 - 3 = 2
Loss% = 2 × \(\frac{100}{5}\) = 40%
The ratio of the cost price and the selling price is 5 : 3. What is the loss percentage?
Correct answer: option 2
The ratio of the cost price and the selling price is 5 : 3
Loss = 5 - 3 = 2
Loss% = 2 × \(\frac{100}{5}\) = 40%