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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. β€˜100x’ Then, selling price of the article = 0.70 Γ— (100x) = Rs. 70x Cost price of the article = 70x Γ— (100/60) = Rs. (350x/3) Required ratio = (350x/3) : 100x = 350x : 300x = 7 : 6

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