Question : The ratio of the selling price and the cost price of an article is 1 : 2. What is the loss percentage?
Option 1: 50%
Option 2: 20%
Option 3: 40%
Option 4: 60%

Question

Question : The ratio of the selling price and the cost price of an article is 1 : 2. What is the loss percentage?

Option 1: 50%

Option 2: 20%

Option 3: 40%

Option 4: 60%

Team Careers360 · Accepted Answer

Correct Answer: 50%

Solution : The ratio of the selling price and the cost price = 1 : 2
Let the selling price be $x$ and the cost price is $2x$.
Loss percentage = $\frac{ ext{cost price - selling price}}{ ext{cost price}} × 100$
= $\frac{2x-x}{2x} × 100$
= $\frac{100x}{2x}$
= 50%
Hence, the correct answer is 50%.

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Question : The ratio of the selling price and the cost price of an article is 1 : 2. What is the loss percentage?Option 1: 50%Option 2: 20%Option 3: 40%Option 4: 60%

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Question : The ratio of the selling price and the cost price of an article is 1 : 2. What is the loss percentage?
Option 1: 50%
Option 2: 20%
Option 3: 40%
Option 4: 60%