SSC CGL 2024 PYQ — Question 59

SSC CGL - 13 Sep 2024 - Shift 1 • Quantitative Aptitude • Q59

An article is sold at a profit of 250%. What is the ratio of its cost price to selling price?

Show answer & explanation

Correct answer: C

Explanation

The correct answer is option 3 i.e. 2 : 7.

SP = CP × 100+P100{100 + P} \over 100

Let the cost price of the article be 100x.

SP =  100x × 100+250100{100 + 250} \over 100

⇒  SP =  100x × 350100350 \over 100

⇒  SP = 350x

Noe required ratio = 100x : 350x 

⇒ 2 : 7

Hence the required answer is 2 : 7.