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    Question

    An article was sold after offering 30% discount on its

    marked price such that the seller incurred a 40% loss. Find the ratio of cost price to the marked price for the seller.
    A 7:6 Correct Answer Incorrect Answer
    B 6:7 Correct Answer Incorrect Answer
    C 5:6 Correct Answer Incorrect Answer
    D 4:5 Correct Answer Incorrect Answer

    Solution

    Let the marked price of the article be Rs. тАШ100xтАЩ Then, selling price of the article = 0.70 ├Ч (100x) = Rs. 70x Cost price of the article = 70x ├Ч (100/60) = Rs. (350x/3) Required ratio = (350x/3) : 100x = 350x : 300x = 7 : 6

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