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?
Question and options
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?
- 2:7
- 5:2
- 7:2
- 2:5
Answer and explanation
Correct answer: D - 2:5
SP:CP = 7:5, so profit = 7 - 5 = 2 parts on a cost of 5 parts. Profit:CP = 2:5.
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CUSAT Three-Year LL.B.
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