Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The marked price of an article is kept at 25% above the cost price. If the article is sold at a discount of 8%, find the ratio of its

selling price to its cost price.

This questions was previously asked in

SSC MTS 6th July 2022 Shift-3

23 : 40

43 : 40

23 : 20

20 : 23

To solve this, let's break it down:

- Cost Price (CP): Assume the cost price is $100.

- Marked Price (MP): Marked price is 25% more than CP, so MP = 100 + 25% of 100 = $125.

- Discount: Article is sold at an 8% discount on the MP. Discount amount = 8% of $125 = $10.

- Selling Price (SP): SP = MP - Discount = $125 - $10 = $115.

Now, to find the ratio of SP to CP:

- Ratio of SP to CP: $ \frac{SP}{CP} = \frac{115}{100} = \frac{23}{20} $

So, the correct option from the given choices is:

- Option 3: 23 : 20