New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Ankush sold shoes 'P' and 'Q' with a 40% profit on 'P'

    and a 20% loss on 'Q'. Given that the selling prices of both shoes are equal, determine the ratio of the cost prices of shoe 'P' to shoe 'Q'.
    A 7:5 Correct Answer Incorrect Answer
    B 4:7 Correct Answer Incorrect Answer
    C 5:8 Correct Answer Incorrect Answer
    D 9:8 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the selling price of shoes ‘P’ and ‘Q’ Rs.‘p’. Cost price of shoes ‘P’ = (p/140) × 100 = Rs. p/1.4 Cost price of shoes ‘Q’ = (p/80) × 100 = Rs. p/0.8 Required ratio = (p/1.4):(p/0.8) = 8:14 = 4:7

    Practice Next

    Relevant for Exams: