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.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
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