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If an article is sold at 200% profit, then the ratio of its cost price to its selling price will be
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- 1 : 2
- 2 : 1
- 1 : 3
- 3 : 1
Correct Option: C
Suppose C.P. = $ 100
S.P. = $ 300 [gain being 200%]
∴ Required ratio = 1 : 3
We can find required answer with the help of given formula :
∴ | = | S.P. | 100 + profit% |
= | C.P. | 100 + 200 |
Required ratio = | = 1 : 3 | 300 |