8. The cost price and selling price of an article are in the ratio 3 :5, if SP is rupees 500 ,what is the cost price of the article
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Step-by-step explanation:
If cost price is c and selling price is s then c/s is equal to 3/7. That's what ratio means. You know that s is 700 so you can solve and find c. Answer is 300 rupees.
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