Question 70

If the selling price of an article is 8% more than the cost price and the discount offered is 10% on the marked price of the article, then what is the ratio of the cost price to the marked price?

Solution

Profit = 8%

Let the cost price be Rs.100.

Selling price = 108

Discount on marked price = 10% so,

selling price = 100 - 10 = 90%

90% = 108

Marked price(100%) = $$\frac{108}{90} \times $$ = Rs.120

Ratio of the cost price to the marked price = 100 : 120 = 5 : 6

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