Question
Download Solution PDFIn a show room, the marked prices of various items are displayed in such a manner that after giving a 10% discount to the customers, the owner of the show room earns a profit of 20%. What is the ratio of the marked price and cost price of each item?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The discount = 10 % and Profit = 20%
Concept used:
The discount is calculated on market price while profit is calculated on cost price.
Formula used:
Selling price = cost price + profit
Calculation:
Let the cost price is 100,
Profit = 20% , so the selling price is 100 + 20 = 120
The market price is,
⇒ 120 × 100 /90 = 400 /3
The ratio between the market price and cost price is ,
400 /3 : 100 ⇒ 4 : 3
∴ The correct option is 2
Last updated on May 28, 2025
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