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 ‘P’ and ‘Q’ Rs.‘p’. Cost price of shoes ‘P’ = (p/140) × 100 = Rs. p/1.4 Cost price of shoes ‘Q’ = (p/80) × 100 = Rs. p/0.8 Required ratio = (p/1.4):(p/0.8) = 8:14 = 4:7
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