Multiple choice

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?

  1. $5 : 6$
  2. $8 : 9$
  3. $3 : 4$
  4. $4 : 5$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP = x. Then SP = 1.08x (8% more than CP). Discount is 10% on MP, so SP = 0.9 × MP. Therefore 0.9 × MP = 1.08 × CP, which gives MP/CP = 1.08/0.9 = 1.2 = 6/5. So CP : MP = 5 : 6.

Keep practicing — related questions