By selling an article at \(\frac{6}{8}\) of the marked price, there is a gain of 25%. The ratio of marked price to cost price is?
Answer & explanation
Correct answer: option 1
SP = \(\frac{6}{8}\) MP
⇒ SP = \(\frac{3}{4}\) MP ⇒ SP : MP = 3 : 4
Thus, there was a discount of 25% on MP
and gain = 25% (given)
Therefore,
MRP. : CP
(100 + Profit) : (100 - discount)
125 : 75
5 : 3