Question 56

If the ratio between the profit and sale price of an article is 1:5, then the ratio between the sale price and the cost price of that article is:

Solution

Let selling price of the article = Rs. $$5x$$

=> Profit of article = Rs. $$x$$

Cost price = Selling price - Profit

=> Cost price = $$5x-x$$ = Rs. $$4x$$

$$\therefore$$ Ratio between the sale price and the cost price of that article = $$\frac{5x}{4x}$$

= 5 : 4

=> Ans - (C)

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