Question
Ankush sold shoes 'P' and 'Q' with a 40% profit on 'P'
and a 20% loss on 'Q'. Given that the selling prices of both shoes are equal, determine the ratio of the cost prices of shoe 'P' to shoe 'Q'.Solution
ATQ, Let the selling price of shoes βPβ and βQβ Rs.βpβ. Cost price of shoes βPβ = (p/140) Γ 100 = Rs. p/1.4 Cost price of shoes βQβ = (p/80) Γ 100 = Rs. p/0.8 Required ratio = (p/1.4):(p/0.8) = 8:14 = 4:7
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