Question : When a watch is sold at $\frac{7}{11}$ of the marked price, there is a loss of 20%. What is the ratio of the marked price to the cost price of this watch?
Option 1: 44 : 35
Option 2: 31 : 25
Option 3: 41 : 25
Option 4: 38 : 35
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 44 : 35
Solution : Let the cost price be CP and the marked price as MP. Given that when the watch is sold at $\frac{7}{11}$ of the MP, there is a loss of 20%. This means that $\frac{7}{11}$ of the MP is 80% of the CP. $⇒\frac{7}{11} \text{MP} = 0.8 \text{CP}$ Rearranging this equation to find the ratio of MP to CP, $⇒\frac{\text{MP}}{\text{CP}} = \frac{0.8 \times 11}{7} = \frac{8.8}{7} = \frac{88}{70}=\frac{44}{35}$ Hence, the correct answer is 44 : 35.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : On selling a watch at $\frac{5}{6}$ of the marked price there is a loss of 10%. What will be the ratio of the marked price and cost price of the watch?
Question : When a watch is sold at $\frac{7}{8}$ th of the marked price, there is a profit of 25%. At what percentage more than the cost price has the marked price of the watch been fixed? [Give your answer correct to 2 decimal places.]
Question : The marked price of a chair is 10% more than its cost price. If the chair is sold for INR 300 after a discount of INR 140, then what will be the loss percentage?
Question : Pankaj sells an article and earns a profit of 55 percent. What will be the ratio of cost price and selling price?
Question : The ratio of the cost price and the selling price is 5 : 3. What is the loss percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile