If the selling price of an article is 8% more than the cost price and the discount offered is 10% on the marked price of the article, then what is the ratio of the cost price to the marked price?
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Answer:
5:6
Step-by-step explanation:
Let the cost price of the article be 100
Then the SP = 100 * (108/100) = 108
The marked price of the article = 108 * (100/90) = 120
The ratio of cost price to marked price = 100 : 120 = 5 : 6
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