If the selling price of an article is 8% more than the cost price and the discount offered is 10% on the marked price of the article, then what is the ratio of the cost price to the marked price?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e 5 : 6.
| Understanding/Application |
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Profit = 8% Let the C.P. be Rs. 100 S.P. = Rs. 108 Discount on marked price = 10% |
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S.P. = 100 - 10 = 90% 90% = 108 Marked Price (100%) = 108(100)/90 = Rs. 120 Thus, the ratio of the cost price to the marked price = 100: 120 = 5 : 6 |