Question
Item ‘X’ had a cost price of Rs. 800 and it was
marked up by 25%. It was later sold after giving a discount of Rs. 40. Another item ‘Y’ was sold for Rs. 900 at a loss of 10%. What is the ratio of the cost price of item ‘Y’ to the selling price of item ‘X’?Solution
ATQ,
Marked price of item ‘X’ = 800 × 1.25 = Rs. 1,000 Selling price of item ‘X’ = 1,000 – 40 = Rs. 960 Cost price of item ‘Y’ = 900 / 0.90 = Rs. 1,000 So, required ratio = 1000:960 = 25:24
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