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If an article sold at 200% profit then the ratio of its cost price to his selling price will be = ?
Answer & Solution
Correct Answer:
Option
C
Let the cost price of the article is = Rs. 100
According to the question,
\[{\text{100 (cp)}}\xrightarrow{{200\% {\text{ profit}}}}{\text{300 (sp)}}\]
\[{\text{Ratio of }}\frac{{{\text{CP}}}}{{{\text{SP}}}} = \frac{{100}}{{300}} = \frac{1}{3}\]
According to the question,
\[{\text{100 (cp)}}\xrightarrow{{200\% {\text{ profit}}}}{\text{300 (sp)}}\]
\[{\text{Ratio of }}\frac{{{\text{CP}}}}{{{\text{SP}}}} = \frac{{100}}{{300}} = \frac{1}{3}\]
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