Question
An article's cost price is one-third of its marked
price. If the profit earned from selling the article is 40%, what is the ratio of profit to the discount offered on the sale of the article?Solution
Let the cost price of the article be Rs. '100x' So, marked price of the article = 100x X 3 = Rs. '300x' And, selling price of the article = 100x X 1.4 = Rs. '140x' Profit earned = 140x - 100x = Rs. '40x' So, discount allowed = 300x - 140x = Rs. '160x' So, required ratio = 40x:160x = 1:4
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