if an article is sold at 200 percent profit, then the ratio of its coat price to its selling price will be
(S.S.C., 2010)
(a) 1:2
(c) 1:3
(b) 2:1
(d) 3:1
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1
Answer:
answer is 1:3
Step-by-step explanation:
Let the C.P. be ₹100.
Profit = 200%
S. P. = 100+ Profit% / 100 x C.P.
= 100+200/100 x 100
= 300/100 x 100
= ₹300
Ratio of C.P. to S.P. = 100/300 = 1/3 = 1:3
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