What profit/loss percent did Ravi earn if he purchased an item of Rs.,5600 and sold it at 3/4 of its

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7.Profit and Loss

medium

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

Solution

Cost price $=5600$

Selling price $=5600 \times \frac{3}{4}$

$=4200$

Loss $=5600-4200=1400$

$\%$ $loss=\frac{1400}{5600} \times 100=25 \%$

Standard 13

Quantitative Aptitude

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