General Aptitude › Profit and Loss › Question #4398
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QIf an article is sold at 200 percent profit, then the ratio of its cost price to its selling price will be

ID: #4398 Profit and Loss 180 views
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#4398Q ID
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Profit and LossTopic
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  • A 1:2 ✔ ✖
  • B 2:1 ✔ ✖
  • C 1:3 ✔ ✖
  • D 3:1 ✔ ✖
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Explanation

If an article is sold at a 200% profit, this means that the selling price is 300% of the cost price. The ratio of the cost price to the selling price can be expressed as a fraction, with the cost price as the numerator and the selling price as the denominator.

Since the selling price is 300% of the cost price, the fraction representing the ratio of the cost price to the selling price is 1/3.

So the ratio of the cost price to the selling price is 1/3.

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