1.

The selling price and cost price of article is in the ratio 7 ∶ 5 then find the profit / loss percentage?1. 20%2. 25%3. 40%4. 50%

Answer» Correct Answer - Option 3 : 40%

Given:

The selling price and cost price of the article is in the ratio 7 ∶ 5

Concept Used:

Basic concept of ratio and proportion

Profit percent = (Profit/cost price) × 100

Calculation:

Let the ratio be x

∴ The ratio = 7x ∶ 5x

Now, profit = 7x – 5x = 2x

We know that

Profit percent = (Profit/cost price) × 100 = (2x/5x) × 100 = 40%

Hence, option (3) is correct



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