Multiple Choice Questions

The marked price of an article is kept at 25 above the cost price If the article is sold at a discou...........

Quantitative Aptitude (MTS) Profit and loss

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: $\frac{S P}{C P} = \frac{115}{100} = \frac{23}{20}$

So, the correct option from the given choices is:

- Option 3: 23 : 20

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