The selling price of an article is 32% more than its cost price & the discount offered on its marked price is 12%, then what is the ratio of its cost price to the marked price?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 2 : 3
SP = 132% of CP
SP = 88% of MP
Now
132% of CP = 88% of MP
⇒ CP/MP = 88/132
⇒ CP/MP = 2/3
∴ CP : MP = 2 : 3