A trader made a loss of 15% when an article was sold. Find the ratio of the selling price : cost price

Assessment: WAEC SSCE - General Mathematics - 2022 (Objective) Subject: General Mathematics

Question 1 Report

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.

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