Question

What is the ratio of purchase price to sale price in 162/3% profit​

Answer 1

Answer:

C. P. : S. P. = 6 : 7

Step-by-step explanation:

Profit = 16*2/3% = 50/3 %

Let the C. P. be 100

So

Profit = 100 × 50/3% = 5000/3 × 100 = 50/3

&

S. P. = C. P. + profit

= 100 + 50/3 = (300 + 50)/3 = 350/3

Now

Ratio of C. P. : S. P = 100 : 350/3

= 100 × 3 : 350 = 300 : 350 = 30 : 35 = 6 : 7