A trader sells an article and loses 12 1/2%. The ratio of cost price to the selling price is · ABC26GN2609
Subject: General Aptitude · Chapter: Profit and Loss · Exam: Hotel Management 2007
A trader sells an article and loses $12 \frac{1}{2} \%$. The ratio of cost price to the selling price is
(a)7 : 8
(b)9 : 8
(c)$8: 7$
(d)8 : 9
Answer
Explanation
Let C.P. $=₹ x$. Loss $=12 \frac{1}{2} \%$. S.P. $=87 \frac{1}{2} \%$ of $₹ x=₹\left(\frac{175}{2} \times \frac{1}{100} \times x\right)=₹ \frac{7 x}{8}$. ∴ Required ratio $=x: \frac{7 x}{8}=8: 7$.
Explanation as extracted from the printed page; notation may be imperfect.
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