Question
A shopkeeper sold an article for Rs. 300 after offering a discount of 40%. If he earned a profit of 50%, then find the ratio of cost price to the marked price, of the article.
Solution
Marked price of the article = 300 ÷ 0.6 = Rs. 500 Cost price of the article = 300 ÷ 1.5 = Rs. 200 Required ratio = 200:500 = 2:5
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