A trader made a loss of 15% when an article was sold. Find the ratio of the selling price : cost price
Answer Details
Let's assume the cost price of the article to be 100. As per the question, the trader made a loss of 15% when the article was sold. Therefore, the selling price would be:
Selling price = Cost price - Loss
Selling price = 100 - 15% of 100
Selling price = 100 - 15
Selling price = 85
So, the ratio of selling price to cost price can be calculated as:
Selling price : Cost price = 85 : 100
Selling price : Cost price = 17 : 20
Therefore, the ratio of the selling price to cost price is 17:20. Hence, the correct option is (C) 17:20.