On selling a watch at 4/5 of the marked price there is a loss of 10 percent. What will be the ratio of the marked price and cost price of the watch ?
Answer & explanation
Correct answer: option 3
We use the following abbreviations,
Marked Price = M
Cost Price = C
Selling Price = S
According to the question,
M : S : C
5 : 4
9 : 10 (10% = \(\frac{1}{10}\))
________________
45 : 36 : 40
Ratio of M : C = 45 : 40 = 9 : 8