The ratio between the sale price and the cost price of an article is 7:4.

The ratio between the sale price and the cost price of an article is 7:4. What is the ratio between the profit and the cost price of that article?

Quiz

Answer/Solution

3:4

Steps/Work

C.P. = Rs. 4x and S.P. = Rs. 7x.
Then, Gain = Rs. 3x
Required ratio = 3x : 4x = 3:4
A