An article was sold at 65 of its marked price and thus there was a gain of 30 Find the ratio of the ...........

Quantitative Aptitude (MTS) Profit and loss

An article was sold at 65% of its marked price, and thus there was a gain of 30%. Find the ratio of the marked price to cost price.

This questions was previously asked in

SSC MTS 7th October 2021 Shift-1

3:2

4:3

2:1

3:1

- An article is sold at 65% of its marked price. Let's call the marked price \( M \) and the cost price \( C \).

- The selling price \( S \) is thus 0.65M.

- The problem states that selling at this price gives a gain of 30%.

- This means: \( S = 1.3C \).

- Equating the two expressions for the selling price, we have: \( 0.65M = 1.3C \).

- Solving for the ratio of the marked price to the cost price: \( M/C = 1.3/0.65 = 130/65 = 2:1 \).

- Therefore, the correct answer is:

Option 3: 2:1

Submit Error