Practicing Success
On Selling a book at 8/15 of the marked price there is a loss of 20 percent. What will be the ratio of marked price and cost price of the book? |
5 : 2 6 : 5 5 : 3 3 : 2 |
3 : 2 |
MP SP 15 8 Loss = 20% means the selling price is 80% of the cost price So, 8 = 80% of the cost price 100% of the cost price = 10 MP : CP = 15 : 10 = 3 : 2 |