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If the loss per cent on an article is 15...

If the loss per cent on an article is 15%, then the ratio of the cost price and the selling price will be :

A

`17:20`

B

`20:17`

C

`23:15`

D

`15:23`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the ratio of the cost price (CP) to the selling price (SP) when there is a loss of 15%. Here’s a step-by-step breakdown of the solution: ### Step 1: Understand the Loss Percentage We are given that the loss percentage on an article is 15%. This means that the selling price is less than the cost price. ### Step 2: Assume a Cost Price Let’s assume the cost price (CP) of the article is 100 units (this can be in any currency, but for simplicity, we will use 100). ### Step 3: Calculate the Selling Price To find the selling price (SP) when there is a loss, we can use the formula: \[ \text{SP} = \text{CP} - \text{Loss} \] Since we have a loss of 15%, we can express it as: \[ \text{Loss} = \frac{15}{100} \times \text{CP} \] Substituting the assumed value of CP: \[ \text{Loss} = \frac{15}{100} \times 100 = 15 \] Now, substituting this back into the SP formula: \[ \text{SP} = 100 - 15 = 85 \] ### Step 4: Find the Ratio of CP to SP Now that we have both CP and SP, we can find the ratio: \[ \text{Ratio of CP to SP} = \frac{\text{CP}}{\text{SP}} = \frac{100}{85} \] ### Step 5: Simplify the Ratio To simplify the ratio \( \frac{100}{85} \), we can divide both the numerator and the denominator by 5: \[ \frac{100 \div 5}{85 \div 5} = \frac{20}{17} \] ### Final Answer Thus, the ratio of the cost price to the selling price is: \[ \text{Ratio} = 20 : 17 \] ---
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