What profit/loss percent did Ravi earn if he purchased an item of $Rs.\,5600$ and sold it at $3/4$ of its cost price?
What profit/loss percent did Ravi earn if he purchased an item of $Rs.\,5600$ and sold it at $3/4$ of its cost price?
- A
Loss of $20$ percent
- B
Gain of $25$ percent
- C
Neither gain nor loss
- D
None of these
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