Practicing Success
When a watch is sold at $\frac{7}{11}$ of the marked price, there is a loss of 20%. What is the ratio of the marked price to the cost price of this watch? |
44 : 35 31 : 25 41 : 25 38 : 35 |
44 : 35 |
When a watch is sold at $\frac{7}{11}$ of the marked price means \(\frac{SP}{MP}\) = \(\frac{7}{11}\) Let the SP = 7x and the MP = 11x So loss given = 20% 80% of the CP = 7x 100% of the CP = \(\frac{7x}{80}\) × 100 MP = 11x So, MP : CP = 11x : \(\frac{7x}{80}\) × 100 MP : CP = 44 : 35 |