If the selling price of an article is 8% more than the cost price and the discount offered is 10% on the marked price of the article, then what is the ratio of the cost price to the marked price?
Answer & explanation
Correct answer: option 1
Direct concept =
Ratio of CP to MP = (100% – Discount) : (100 + Profit)
= (100 – 10) : (100 + 8)
= 90 : 108
= 5 : 6