The ratio between the sale price and the cost price of an article is 6:2.
The ratio between the sale price and the cost price of an article is 6:2. What is the ratio between the profit and the cost price of that article?
Answer/Solution
2:1
Steps/Work
C.P. = Rs. 2x and S.P. = Rs. 6x.
Then, Gain = Rs. 4x
Required ratio = 4x : 2x = 2:1
E
Then, Gain = Rs. 4x
Required ratio = 4x : 2x = 2:1
E