The ratio of the profit to the cost price is 3 : 8. What is the ratio of the selling price to the cost price?
Show answer & explanation
Correct answer: B
Explanation
Profit : Cost Price = 3 : 8
Profit = 3x
Cost Price = 8x
Selling Price = Cost Price + Profit = 8x + 3x = 11x
Selling Price : Cost Price = 11x : 8x = 11 : 8