Question

The cash difference between the selling prices of an article at a profit of 14% and 16% is Rs. 3. Find the ratio of the two selling prices.
1. 47 : 48
2.  57 : 58
3.  67 : 68
4. 7 : 8

Answer 1

Correct Answer - Option 2 :  57 : 58

Given

Difference between the selling prices of an article at a profit of 14% and 16% = Rs. 3

Formula

SP = CP × [(100 + Profit%)/100]

Calculation

Let the CP of the article be Rs. 100x 

SP of first article = 100x × (114/100) = Rs. 114x

SP of second article = Rs. 100x × (116/100) = Rs. 116x

Ratio of SP = 114x : 116x = 57 : 58