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If the ratio of selling price and cost p...

If the ratio of selling price and cost price is 3:4 respectively, then what is the loss percentage ?

A

`10%`

B

`33.33%`

C

`20%`

D

`25%`

Text Solution

AI Generated Solution

The correct Answer is:
To find the loss percentage when the ratio of selling price (SP) to cost price (CP) is given as 3:4, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the Ratio**: The ratio of selling price to cost price is given as 3:4. This means: \[ \frac{SP}{CP} = \frac{3}{4} \] 2. **Assign Variables**: Let the selling price (SP) be \(3x\) and the cost price (CP) be \(4x\), where \(x\) is a common multiplier. 3. **Calculate Loss**: Loss is calculated as: \[ \text{Loss} = CP - SP \] Substituting the values we assigned: \[ \text{Loss} = 4x - 3x = x \] 4. **Calculate Loss Percentage**: The formula for loss percentage is: \[ \text{Loss Percentage} = \left(\frac{\text{Loss}}{CP}\right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left(\frac{x}{4x}\right) \times 100 = \left(\frac{1}{4}\right) \times 100 \] Simplifying this gives: \[ \text{Loss Percentage} = 25\% \] ### Final Answer: The loss percentage is **25%**.
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