ABC26GN2631 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

The ratio between the sale price and the cost price of an article is 7 : 5. What is the ratio between the profit and the cost price of that article?

(a)2 : 7

(b)5 : 2

(c)7 : 2

(d)Data inadequate

(e)None of these

Answer

Answer (as printed): E

Explanation

Let C.P. = ` 5x and S.P. = ` 7x. Then, Gain = ` 2x. \ Required ratio = 2x : 5x = 2 : 5.

Explanation as extracted from the printed page; notation may be imperfect.