THE COST PRICE 450 NAIRA OF AN ARTICLE IS REDUCED BY 150 NAIRA FIND THE RATIO BY WHICH THE PRICE IS REDUCED
450-150=300
450÷150=3
300÷150=2
Therefor the ratio =3:2
150/450 = 1/3.
Well, if the cost price of an article is reduced by 150 Naira from 450 Naira, we can calculate the ratio by which the price is reduced.
The reduction in price is 150 Naira, so the ratio of the reduction is 150/450 or 1/3.
So, the price is reduced by a ratio of 1:3, or in other words, 1 part out of 3 parts.
To find the ratio by which the price is reduced, we need to divide the reduction in price by the original price.
The reduction in price is 150 Naira, and the original price is 450 Naira.
Ratio = Reduction in price / Original price
= 150 Naira / 450 Naira
Simplifying the ratio by dividing both the numerator and the denominator by their greatest common divisor (which is 150), we get:
Ratio = 1/3
Therefore, the price is reduced by a ratio of 1:3.
To find the ratio by which the price is reduced, we need to divide the amount of reduction by the original price.
The amount of reduction is given as 150 Naira, and the original price is given as 450 Naira.
Therefore, the ratio by which the price is reduced can be calculated as:
150 Naira (reduction) / 450 Naira (original price)
Simplifying this ratio, we can divide both numerator and denominator by their greatest common divisor, which in this case is 150:
150 Naira / 150 Naira = 1
So, the ratio by which the price is reduced is 1:1, or simply 1.