Practicing Success
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? |
5:3 5:4 6:5 1:1 |
5:3 |
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 |