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A man makes a profit of 20% after selling a product on 28% discount on the printed price. Find the ratio of printed price to cost price

Solution

Correct Option: 2

Let CP = 100. SP = 120 (20 percent profit). SP is also 72 percent of MP, so MP = 120 x 100/72 = 500/3. Ratio MP : CP = 500/3 : 100 = 5 : 3.

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