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by sanju09 » Wed Mar 03, 2010 5:08 am
The profit made by selling an item was 25 percent. If the item was marked 40 percent above the selling price then what is the ratio of the marked price to the cost price of the item?
(A) 1:4
(B) 1:2
(C) 3:4
(D) 5:4
(E) 7:4
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by harsh.champ » Wed Mar 03, 2010 5:16 am
sanju09 wrote:The profit made by selling an item was 25 percent. If the item was marked 40 percent above the selling price then what is the ratio of the marked price to the cost price of the item?
(A) 1:4
(B) 1:2
(C) 3:4
(D) 5:4
(E) 7:4
Let the Cost price be Rs.100.
Profit=Rs.25
If M.R.P. = Rs.140
So, Item sold at 125.
Marked Price/Cost price = 125/100 = 5:4
The question seems quite unclear though .
It takes time and effort to explain, so if my comment helped you please press Thanks button :)



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by sanju09 » Wed Mar 03, 2010 5:34 am
harsh.champ wrote:
sanju09 wrote:The profit made by selling an item was 25 percent. If the item was marked 40 percent above the selling price then what is the ratio of the marked price to the cost price of the item?
(A) 1:4
(B) 1:2
(C) 3:4
(D) 5:4
(E) 7:4
Let the Cost price be Rs.100.
Profit=Rs.25
If M.R.P. = Rs.140
So, Item sold at 125.
Marked Price/Cost price = 125/100 = 5:4
The question seems quite unclear though .
I don't think D to be correct here, and why is the question unclear, seems like caught in word trap!!
The mind is everything. What you think you become. –Lord Buddha



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by kstv » Wed Mar 03, 2010 5:53 am
Isn't the Marked price 40 % above Selling price.
SP is 125 so MP should be 175
IMO E
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by yeahdisk » Wed Mar 03, 2010 5:53 am
Lets say Cost_Price = 1

Which makes Sale_Price = 1.25

Marked_Price = Sale_Price*1.4 = 1.75

Therefore Cost_Price:Marked_Price = 1:1.75 or 4:7
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by harsh.champ » Wed Mar 03, 2010 6:04 am
sanju09 wrote:
harsh.champ wrote:
sanju09 wrote:The profit made by selling an item was 25 percent. If the item was marked 40 percent above the selling price then what is the ratio of the marked price to the cost price of the item?
(A) 1:4
(B) 1:2
(C) 3:4
(D) 5:4
(E) 7:4
Let the Cost price be Rs.100.
Profit=Rs.25
If M.R.P. = Rs.140
So, Item sold at 125.
Marked Price/Cost price = 125/100 = 5:4
The question seems quite unclear though .
I don't think D to be correct here, and why is the question unclear, seems like caught in word trap!!
Cost price is not given and the concept of marked price v/s selling price ,dats why.
Whats the OA,though??
It takes time and effort to explain, so if my comment helped you please press Thanks button :)



Just because something is hard doesn't mean you shouldn't try,it means you should just try harder.

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by sanju09 » Wed Mar 03, 2010 6:14 am
harsh.champ wrote:
sanju09 wrote:
harsh.champ wrote:
sanju09 wrote:The profit made by selling an item was 25 percent. If the item was marked 40 percent above the selling price then what is the ratio of the marked price to the cost price of the item?
(A) 1:4
(B) 1:2
(C) 3:4
(D) 5:4
(E) 7:4
Let the Cost price be Rs.100.
Profit=Rs.25
If M.R.P. = Rs.140
So, Item sold at 125.
Marked Price/Cost price = 125/100 = 5:4
The question seems quite unclear though .
I don't think D to be correct here, and why is the question unclear, seems like caught in word trap!!
Cost price is not given and the concept of marked price v/s selling price ,dats why.
Whats the OA,though??
No price is necessary to be given while dealing in pure percents. Marked Price is what is printed on the product's body or cover, and Selling Price is the price at which something is sold consequently, which could be less than, more than, or even equal to the Marked Price.

OA is already hunted by kstv. :wink:
The mind is everything. What you think you become. –Lord Buddha



Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001

www.manyagroup.com
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by harsh.champ » Wed Mar 03, 2010 6:25 am
sanju09 wrote:
harsh.champ wrote:
sanju09 wrote:
harsh.champ wrote:
sanju09 wrote:The profit made by selling an item was 25 percent. If the item was marked 40 percent above the selling price then what is the ratio of the marked price to the cost price of the item?
(A) 1:4
(B) 1:2
(C) 3:4
(D) 5:4
(E) 7:4
Let the Cost price be Rs.100.
Profit=Rs.25
If M.R.P. = Rs.140
So, Item sold at 125.
Marked Price/Cost price = 125/100 = 5:4
The question seems quite unclear though .
I don't think D to be correct here, and why is the question unclear, seems like caught in word trap!!
Cost price is not given and the concept of marked price v/s selling price ,dats why.
Whats the OA,though??
No price is necessary to be given while dealing in pure percents. Marked Price is what is printed on the product's body or cover, and Selling Price is the price at which something is sold consequently, which could be less than, more than, or even equal to the Marked Price.

OA is already hunted by kstv. :wink:
Doesn't marked price stand for M.R.P.
I guess selling price should always be less or equal to,but not more than the marked price.
Very doubtful over this ques :(
It takes time and effort to explain, so if my comment helped you please press Thanks button :)



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by gmatmachoman » Wed Mar 03, 2010 9:48 am
sanju09 wrote:The profit made by selling an item was 25 percent. If the item was marked 40 percent above the selling price then what is the ratio of the marked price to the cost price of the item?
(A) 1:4
(B) 1:2
(C) 3:4
(D) 5:4
(E) 7:4
@sanju..this one is gud..thx for framing it.

Kstv has nailed it..pretty easy I agree..

A easier technique ..here it goes.

here Marked price (MP)is > selling price (SP). So it tells us that (MP/CP)>( SP/CP)

We know that SP/CP =5/4.

So from th options we can easily pick (E) since only 7/4 is > 5/4.

It took mean 12 secs to spot out...
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by aeknaton » Wed Mar 03, 2010 10:22 am
(C+1/4C)*1.4 = 5/4C*1.4= 5/4C*14/10= 7/4c - market price
this gives me the market price

then market price/cost price = 7/4C*1/c = 7/4
so i would say that E is the answer
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