📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

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

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question