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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.5
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.
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Answer : 3. "7:30"
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,65S.P - S.P65S.P×100 = S.P -C.PC.P×100Therefore, 1/6 = (S.P/C.P) – 1 => S.P = (7/6) C.PM.P = 6/5 S.P = 6/5 x 7/6 C.P = 7/5 C.PTherefore, 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