A retailer gives a discount of 20% & still earns a profit of 10%. What is the ratio of Cost price & List price?
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Answer:
vvvvvvvvet CP = 100
SP = 120 ( since gain is 20%)
Now 120 represents 90% of List Price
=> LP or MP = 120/90 x 100
SP if he gives 20% discount = 120/90 x 100 x 80/100 = 960/9
Profit = 960/9 - 100 = 60/9
Profit % = 60/900 x 100 = 6 2/3%
:-)
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srimani605
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the ratio of cost price to the list price is 8 : 11
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