The ratio between the selling price and the cost price of an article is 5:3. Find the ratio between the profit and the cost price of that article.

A2:3 ✓ Correct

B4:5

C2:5

D5:2

Correct answer: (A) 2:3

Explanation

The profit to cost price ratio is 2:3.

take SP = 5 and CP = 3.

profit = SP - CP = 5 - 3 = 2.

profit : CP = 2 : 3.

this holds for any common multiple of the parts.

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