An article is sold for 20 percent profit. The value of discount given is equal to the (9/11) of the selling price. What is the ratio of the marked price of the article to its cost price?
Show answer & explanation
Correct answer: B
Explanation
Let the cost price = ₹100
Selling price at 20% profit = ₹120
Discount = 9/11 of the selling price = 120 × 9/11 = ₹1080/11
Marked price = Selling price + Discount
= 120 + 1080/11
= ₹2400/11
Therefore, Marked price : Cost price = 2400/11 : 100= 24 : 11