Question

A shopkeeper gives 30% discount and gains 47% profit on a particular item then the ratio of cost price and marked price is?
1. 10 : 21
2. 7 : 17
3. 21 : 11
4. 10 : 7

Answer 1

Correct Answer - Option 1 : 10 : 21

Given:

The shopkeeper gives 30% discount and gains 47% profit on a particular item.

Formula used:

Ratio of cost price and marked price = C.P. : M.P. = (100 - discount%) : (100 + Profit%)

Calculation:

C.P. : M.P. = (100 - 30) : (100 + 47)

= 70 : 147

= 10 : 21