Vishal and Param each sold their article at ₹1,818 but Vishal incurred a loss of 10%, while Param gained by 1%. What is the ratio of the cost price of Vishal's article to that of Param's article?
Answer & explanation
Correct answer: option 1
Given = Vishal and Param each sold their article at 1,818 but Vishal incurred a loss of 10%.
90% of the CP = 1818
100% of the CP = 2020
Cost price of the article for Vishal = 2020
while Param gained by 1%.
Cost price of the article for Param =
101% of CP (param)= 1818
100% of CP (param)= 1800
Ratio of the cost price of Vishal's article to that of Param's article
= 2020 : 1800
= 101 : 90