What profit/loss percent did Ravi earn if he purchased an item of Rs.5,600 and sold it at three-fourth of its cost price?
Select the correct option
A) Loss of 20 percent
B) Gain of 25 percent
C) Neither gain or loss
D) Loss of 15 percent
E) None of these
Explanation:   C.P. = Rs.5600   S.P. = Rs.5600x ¾ = Rs.4200   Loss = Rs.5600-4200 = Rs.1400   Loss percentage = 1400x100/5600 = 25%   Answer: Option Gain of 25 percent
<result>B</result>
What profit/loss percent did Ravi earn if he purchased an item of Rs.5,600 and sold it at three-fourth of its cost price?