Vishal and Param each sold their article at ₹1,818 but Vishal incurred a loss of 10%, while Param gained by 1%. What is the ratio of the cost price of Vishal's article to that of Param's article?
Vishal and Param each sold their article at ₹1,818 but Vishal incurred a loss of 10%.
Cost price of the article for Vishal = $$\frac{1818}{\left(100-10\right)}\times\ 100$$
= $$\frac{1818}{\left(90\right)}\times\ 100$$
= 2020
while Param gained by 1%.
Cost price of the article for Param = $$\frac{1818}{\left(100+1\right)}\times\ 100$$
= $$\frac{1818}{\left(101\right)}\times\ 100$$
= 1800
Ratio of the cost price of Vishal's article to that of Param's article = 2020 : 1800
= 101 : 90
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