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The profit by selling an item was 25%. If the item was marked 40% above the selling price then what is the ratio of the marked to the cost price of the item?1. 5 : 42. 7 : 43. 3 : 44. 1 : 4 |
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Answer» Correct Answer - Option 2 : 7 : 4 Given: Profit% = 25% M.P = 40% above the selling price Calculation: Let the cost price of an item be Rs. 100x Then, Selling price = Rs. 100x × (125/100) = Rs. 125x Now, marked price is 40% above the selling price. M.P = Rs. 125x × (140/100) = Rs. 175x Ratio of M.P and C.P = Rs. 175x : Rs. 100x ⇒ 7 : 4 ∴ The ratio of marked price and cost price is 7 : 4 |
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