Question 90
If the selling price of an article is 32% more than its cost price and the discount offered on its marked price is 12%, then what is the ratio of its cost price to the marked price?
Solution
Let the cost price be Rs.100.
Discount = 12%
Selling price = Rs.132
(100% - 12% = 88%) = 132
Marked price(100%) = $$\frac{132}{88} \times 100 = Rs.150
Ratio of its cost price to the marked price = 100 : 150 = 2 : 3
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