Practicing Success
On a particular transaction, a shopkeeper earns 400% on cost. If the cost rises by 100% and the selling price remains unchanged, the ratio between the new profit and the selling price is: |
1 : 3 2 : 5 3 : 5 1 : 2 |
3 : 5 |
Let the cost price = 100 Earnings = 400% Then the selling price = 500 According to the question, CP SP Old 100 500 New 200 500 New profit = 500 - 200 = 300 New profit : Selling Price = 300 : 500 = 3 : 5 |