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Discussion :: Profit and Loss

  1. The ratio between the sale price and the cost price of an article is 7:5. What is the ratio between the profit and the cost price of that article?
    2. A.
    2:7
    B.
    5:2
    C.
    7:2
    D.
    Data inadequate
    E.
    None of these

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    Workspace

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    Answer : Option E

    Explanation :

    Let C.P. = Rs. 5x and S.P. = Rs. 7x. 

    Then, Gain = Rs. 2x

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