If the selling price of an article is 25% of its cost price, then what will be the loss percentage?
Answer & explanation
Correct answer: option 3
Selling price = 25% of Cost price
SP : CP = 1 : 4
Loss percentage = 3 × \(\frac{100}{4}\) = 75%
If the selling price of an article is 25% of its cost price, then what will be the loss percentage?
Correct answer: option 3
Selling price = 25% of Cost price
SP : CP = 1 : 4
Loss percentage = 3 × \(\frac{100}{4}\) = 75%