Q:
If the selling price of a mat is five times the discount offered and if the percentage of discount is equal to the percentage profit, find the ratio of the discount offered to the cost price.
Answer & Explanation
Answer: C) 7:30
Explanation: Since S.P. = 5 (M.P. - S.P.) => 5 M.P. = 6 S.P.
M.P. = (6/5) S.P.
Since the percentage discount = Percentage profit,
Therefore, 1/6 = (S.P/C.P) – 1 => S.P = (7/6) C.P
M.P = 6/5 S.P = 6/5 x 7/6 C.P = 7/5 C.P
Therefore, Ratio of discount to C.P
= (M.P – S.P)/C.P = [{(7/5)C.P - (7/6)C.P} / C.P.]
= 7/30
Therefore, the ratio is 7 : 30
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