A seller allows 20% discount for cash payment on the marked price of his goods. What is the ratio of the cash payment to the marked price
A
1:4
B
1:5
C
3:4
D
4:5
Verified Correct Answer: D.
Step-by-Step Mathematical Solution
(1 - \(\frac{20}{100}\)) = cash payment fraction= \(\frac{4}{5}\)
The ratio of the cash payment to the marked price = 4:5
Source: Myschool Past Questions Archive (Record #36190)