Allied & ICAR Exam Bank • ALLIED_1474 MCQ • 1 Mark

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

If a trader allows a 20% discount on the marked price and still gains 20%, the ratio of the marked price to the cost price is:

Options:

  • (A) 3:2
  • (B) 4:3
  • (C) 5:4
  • (D) 6:5

Answer Key:

A

Step-by-Step Solution & Explanation

$0.80 MP = 1.20 CP \implies MP / CP = 1.20 / 0.80 = 3/2 = 3:2$.
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