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SSC CHSL 2023 PYQ — Question 72

SSC CHSL - 11 Aug 2023 - Shift 2 • Quantitative Aptitude • Q72

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Upon selling an article at 37\frac{3}{7} of the marked price, a loss of 30% is incurred. What is the ratio between the marked price and the cost price of the article?

Show answer & explanation

Correct answer: B

Explanation

The correct answer is option 2 i.e. 49:30.

SP = (3/7)MP

Also, SP = 0.7CP

So, (3/7)MP = 0.7CP

⇒ MP/CP = 0.7/(3/7) = 49/30

Therefore, the ratio between the marked and cost prices is 49 : 30.