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Question 52
An article is sold at 22.5% profit. What is the ratio of the cost price to the selling price?
Solution
22.5% = profit℅
Let us consider 100 as cost price
profit
=$$\frac{225}{1000}\times100$$
= 22.5
Selling price will be ,
Cost price + profit = 100+22.5
S.p = 122.5
the ratio of the cost price to the selling price
= $$\frac {100}{122.5}$$
= $$\frac {1000}{1225}$$
= $$\frac {40}{49}$$
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