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    If an article is sold at a loss of 20 percent, then what is the respective ratio of cost price and selling price of the article?
    Question

    If an article is sold at a loss of 20 percent, then what is the respective ratio of cost price and selling price of the article?

    A.

    7:4

    B.

    4:5

    C.

    5:4

    D.

    7:8

    Correct option is C

    Given:
    Loss percentage = 20%
    Formula Used:
    Selling Price (SP) = Cost Price (CP) - Loss
    Loss = (Loss% / 100) * CP
    Solution:
    Let the cost price (CP) be 100 units.
    Loss = 20% of CP = 20 units
    Therefore, Selling Price (SP) = CP - Loss = 100 - 20 = 80 units
    Thus, the ratio of Cost Price (CP) to Selling Price (SP) is 100:80 or 5:4.

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