The ratio of the selling price to the cost price in a transaction is 4:5. If the selling price is 280, then how much the loss

Question

Question 65 The ratio of the selling price to the cost price in a transaction is \( 4: 5 . \) If the selling price is 280 , then how muchis the loss?

Answer 1

Let the ratio be x

So, the selling price and cost price are 4x and 5x respectively

According to question,

⇒ 4x = 280

⇒ x = 70

So, the cost price = 5 × 70 = 350

∴ The loss on this transaction is 350 – 280 = Rs. 70