A product is bougth ans sold at he profit of 15% the ratio of selling ans buying cost is
Created: 2 years ago |
Updated: 8 months ago
best des
Let's assume the buying cost is 100 units for easier calculation.
If the product is bought at 100 units and sold at a 15% profit, the selling price would be:
Selling Price = Buying Cost + Profit Selling Price = 100 + (15% of 100) = 100 + 15 = 115 units
So, the ratio of selling cost to buying cost is:
Selling Cost : Buying Cost = 115 : 100
Now, let's simplify this ratio:
Selling Cost : Buying Cost = (115/5) : (100/5) = 23 : 20
So, the correct ratio of selling cost to buying cost is 23:20
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