4% of the selling price of an article is equal to 5% of

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4% of the selling price of an article is equal to 5% of its cost price. Again 20% of the selling price is Rs.120 more than 22% of its cost price. The ratio of cost price and selling price is

1. 2 : 3
2. 3 : 2
3. 4 : 5
4. 5 : 4

Correct Option: C

Let C.P. of article = Rs. p
Its S.P. = Rs. q
From the question ,

∴ p ×		5	=	q × 4
		100		100

⇒		p	=	4	= 4 : 5
		q		5