an item was sold at three - fourths of its cost price . Find the loss percent in the transaction.
Share
an item was sold at three - fourths of its cost price . Find the loss percent in the transaction.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Step-by-step explanation:
Let CP of whole be Rs x.
CP of 3/4th = Rs 3x/4
CP of 1/4th = Rs x/4
∴ Total SP = Rs [(120% of 3x/4) + x/4]
Rs (9x/10 + x/4) = Rs 23x/20
Gain = Rs (23x/20 - x) = Rs 3x/20
∴ Gain % = (3x/20 X 1/x X 100)%
∴ Gain % = 15%.(ANS.)