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SSC GD 2024 PYQ — Question 47

SSC GD Const (English) - 22 Feb 2024 - Shift 3 • Quantitative Aptitude • Q47

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If an article is sold at a loss of 20 percent, then what is the respective ratio of cost price and selling price of the article?

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Correct answer: C

Explanation

The correct answer is option 3 i.e. 5:4.

SP = 80 %  of  CP = 0.8 × CP

Now, to find the ratio of the cost price to the selling price:

⇒ CP / SP = CP / 0.8 × CP

⇒CP0.8×CP=10.8=54\frac{CP}{0.8 \times CP} = \frac{1}{0.8} = \frac{5}{4}

The ratio of the cost price to the selling price is 5:4.