The ratio between the cost price and selling price of an article is 4:7. Find the ratio between the profit and cost price of that article.
2:3
3:5
3:4
2:5
Explanation:
We know that the ratio between CP and SP is 4:7
So, we can assume CP = Rs.4x and SP = Rs. 7x
Profit = SP –CP = 7x – 4x = 3x
Required ratio = Profit: CP
= 3x:4x
= 3:4
We know that the ratio between CP and SP is 4:7
So, we can assume CP = Rs.4x and SP = Rs. 7x
Profit = SP –CP = 7x – 4x = 3x
Required ratio = Profit: CP
= 3x:4x
= 3:4