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Safia calculated his loss percent as 1427%14 \frac{2}{7}\%1472​%​ on cost price. The ratio of selling price to cost price will be:
Question

Safia calculated his loss percent as 1427%14 \frac{2}{7}\%​ on cost price. The ratio of selling price to cost price will be:

A.

7 : 6

B.

6 : 7

C.

1 : 7

D.

7 : 1

Correct option is B

Given:

Loss % = 1427=1007%14 \frac{2}{7} = \frac{100}{7}\%​​

Formula Used:

Loss % = Cost PriceSelling PriceCost Price×100\frac{\text{Cost Price} - \text{Selling Price}}{\text{Cost Price}} \times 100​​

Selling price to cost price ratio 

SPCP=1Loss%100 \frac{\text{SP}}{\text{CP}} = 1 - \frac{\text{Loss\%}}{100}​​

Solution:

SPCP=1100/7100\frac{\text{SP}}{\text{CP}} = 1 - \frac{100/7}{100}

=117=67= 1 - \frac{1}{7} = \frac{6}{7}​​

Ratio of SP to CP = 6 : 7

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