A shopkeeper placed on display some dresses each with a marked price. She then posted a sign “$$\frac{1}{4}$$ off on these dresses”. The cost of dresses was $$\frac{2}{3}$$ of the price at which she actually sold them. Then the ratio of the cost to the marked price was
Let the Cost Price of each dress be C and let the marked price of each dress be M.
She will be selling the dress at 1/4th off i.e at 3/4(M).
According to the question C= (2/3)(3/4)M= 1/2(M)
Hence C:M=1/2