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Profit and Loss
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If the loss of percent on article is 15%. Then the ratio of the cost price and selling price will be = ?

Answer & Solution
Correct Answer: Option B
The loss of percent on article is 15%
$$\eqalign{ & 15\% = \frac{{15}}{{100}} = \frac{{3 \to {\text{Loss}}}}{{20 \to {\text{C}}{\text{.P}}{\text{.}}}} \cr & {\text{Selling price }} = 17 \cr & {\text{C}}{\text{.P}}{\text{.}}:{\text{S}}{\text{.P}}{\text{.}} = 20:17 \cr} $$
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