An article is sold at % profit.What is the ratio of the selling price to the cost price ?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer is option 2 i.e. 8 : 7
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Understanding |
Application |
Calculation |
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Article is sold at % profit |
Profit = 100/7% |
= 100/7 |
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SP = CP (1 + Profit/100) |
Let CP = 100 Then, SP = 800/7 |
⇒ 100 (1 + 100/700) ⇒ 800/7 |
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SP : CP = 8 : 7 |
⇒ 800/7 : 100 ⇒ 8 : 7 |