New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A merchant offers a 30% discount on the listed price of

    his goods and manages to secure a 40% profit on the cost. What is the ratio of the cost price to the marked price of the goods?
    A 1:2 Correct Answer Incorrect Answer
    B 5:6 Correct Answer Incorrect Answer
    C 2:3 Correct Answer Incorrect Answer
    D 2:1 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price be Rs. 100 So the selling price = Rs. 100 × 140% = Rs. 140 Marked Price = 140/70 × 100 = Rs. 200 Required ratio = 100:200 = 1:2 Hence, option a.

    Practice Next

    Relevant for Exams: