A trader makes a loss of 15% when selling an article. Find the ratio, selling price : cost price
Question 1 Report
A trader makes a loss of 15% when selling an article. Find the ratio, selling price : cost price
Answer Details
Let's assume the cost price of the article is $100. Since the trader incurred a loss of 15%, the selling price will be 85% of the cost price.
Therefore, Selling price = 85/100 * cost price = 85/100 * 100 = $85.
The ratio of the selling price to the cost price is:
Selling price : Cost price = $85 : $100
To simplify the ratio, we can divide both sides by the highest common factor, which is 5. This gives:
Selling price : Cost price = 17 : 20
Therefore, the ratio of selling price to cost price is 17 : 20.
Option C, 17:20, is the correct answer.
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