When an article is sold at a discount of 40% on its marked price, the profit is 25%. What is the ratio of the cost price to the marked price of the article?
Answer & explanation
Correct answer: option 1
CP MP
100 - D% 100 + P%
100 - 40% 100 + 25%
60 125
CP : MP = 60 : 125 = 12 : 25