Vishal and Param each sold their article at ₹1,818 but Vishal incurred a loss of 10%, while Param gained by 1%. What is the ratio of the cost price of Vishal's article to that of Param's article?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 101:90
Vishal and Param each sold their article at 1,818 but Vishal incurred a loss of 10%.
Cost Price = Selling Price × 100/(100 - loss %)
Cost price of the article for Vishal = 1818 / (100 - 10) × 100
= (1818 / 90) × 100
= 2020
while Param gained by 1%.
Cost price of the article for Param = 1818 / (100 +1) × 100
= (1818 / 101) ×100
= 1800
The ratio of the cost price of Vishal's article to that of Param's article = 2020 : 1800
= 101 : 90