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The cash difference between the selling ...

The cash difference between the selling price of an article at a profit of 4 % and 8 % is Rs 3. The ratio of two selling prices is.

A

`25:27 `

B

`26:27`

C

`26:31`

D

`26:29`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these instructions: ### Step 1: Understand the Problem We need to find the ratio of the selling prices (SP) of an article sold at a profit of 4% and 8%. We know that the difference between these two selling prices is Rs 3. ### Step 2: Let the Cost Price (CP) be 100 To simplify calculations, we can assume the cost price (CP) of the article is Rs 100. ### Step 3: Calculate Selling Price at 4% Profit Using the formula for selling price: \[ \text{SP} = \text{CP} + \text{Profit} \] For a profit of 4%: \[ \text{SP}_1 = CP + (4\% \text{ of } CP) = 100 + (4/100 \times 100) = 100 + 4 = 104 \] ### Step 4: Calculate Selling Price at 8% Profit Similarly, for a profit of 8%: \[ \text{SP}_2 = CP + (8\% \text{ of } CP) = 100 + (8/100 \times 100) = 100 + 8 = 108 \] ### Step 5: Find the Difference Between the Selling Prices Now, we calculate the difference between the two selling prices: \[ \text{Difference} = \text{SP}_2 - \text{SP}_1 = 108 - 104 = 4 \] ### Step 6: Set Up the Equation According to the problem, this difference is given as Rs 3. Therefore, we can set up the equation: \[ 108 - 104 = 3 \] However, we see that the calculated difference is 4, which means we need to revise our understanding. ### Step 7: Calculate the Ratio of Selling Prices Now, we can find the ratio of the two selling prices: \[ \text{Ratio} = \frac{\text{SP}_2}{\text{SP}_1} = \frac{108}{104} \] ### Step 8: Simplify the Ratio To simplify: \[ \frac{108}{104} = \frac{27}{26} \] ### Final Answer Thus, the ratio of the two selling prices is: \[ \text{Ratio} = 27 : 26 \] ---
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