The ratio of the profit to the cost price of a product is 3 : 8. What is the ratio of its selling price to its profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 11 : 3.
Let the cost price and profit be 8x and 3x respectively.
SP = CP + Profit
⇒ SP = 8x + 3x = 11x
Required ratio = 11x : 3x
⇒ 11 : 3