Question
A purse is sold for 12/25 of its
marked price, yielding a profit of 20%. What is the ratio of the marked price to the cost price?Solution
ATQ,
Let the selling price and cost price be Rs. '12p' and Rs. 'q', respectively. So, marked price = 12p X (25/12) = Rs. 25p ATQ, 12p = q X 1.2 So, 'q' = 10p So, cost price = Rs. 10p Required ratio = 25p:10p = 5:2
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