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If the ratio between the profit and selling price of an article is 1 : 5, then the ratio between the selling price and the cost price of that article is :
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- 3 : 2
- 4 : 3
- 5 : 4
- 6 : 5
Correct Option: C
Given , Ratio of the profit and selling price of an article = 1 : 5
Let the profit be Rs. = y.
Selling price = Rs. 5y
∴ Cost price of article = Rs. (5y – y) = Rs. 4y
∴ Required ratio = Selling price of article : Cost price of article
∴ Required ratio = 5y : 4y = 5 : 4