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A has a discount of 12.5% so selling price is 0.875x if marked price is x


B has a discount of 8.334% so selling price is 0.91667y if y is marked price.


Since ratio of selling price is 7:11


0.875x/0.91667y = 7/11


Therefore ratio of marked price

x/y = 0.91667x 7/0.875x11

x/y = 6.41669/9.625

Multiply numerator and denominator by 10

64/96

2:3

GMAT quant instructor Lagos Nigeria


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Trader A's price = 1 - 12.5% = 1 - \(\frac{1}{8}\) = \(\frac{7}{8}\)
Trader B's price = 1 - 8.33% = 1 - \(\frac{1}{12}\) = \(\frac{11}{12}\)
Ratio: \(\frac{Trader A's Price}{Trader B's Price} = 7:11 = \frac{7}{11}\)

Expressed another way:
\(\frac{7}{8}A/\frac{11}{12}B = \frac{7}{11}\)

Cross multiply:
\(11*\frac{7}{8}A = 7*\frac{11}{12}B\)

Simplify:
\(\frac{77}{8}A = \frac{77}{12}B\)
\(\frac{1}{8}A = \frac{1}{12}B\)
\(\frac{A}{B} = \frac{8}{12} = \frac{2}{3}\)
Answer choice B
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MP1 (1-Disc1)/MP2 (1-Disc2)=SP1/SP2
x(7/8)/Y(11/12)=7:11

Solve this and you'll get X/Y = 2:3
X is MP1 and Y is MP2
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