2020 · Q23
If a television set is sold at Rs. x, a loss of 28% would be incurred. If it is sold at Rs. y, a profit of 12% would be incurred. What is the ratio of y to x?
Elementary MathematicsProfit and Loss
- A41:9
- B31:9
- C23:9
- D14:9
Explanation
x = 0.72*CP and y = 1.12*CP, so y/x = 112/72 = 14/9. Hence option (D). Indeed 112/72 simplifies by dividing by 8 to 14/9.