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1954 AMC 12 Question 11

AMC12 · 1954 AMC 12

Question 11

A merchant placed on display some dresses, each with a marked price. He then posted a sign “$\dfrac13$ off on these dresses.” The cost of the dresses was $\dfrac34$ of the price at which he actually sold them. Then the ratio of the cost to the marked price was:
  1. $\dfrac12$
  2. $\dfrac13$
  3. $\dfrac14$
  4. $\dfrac23$
  5. $\dfrac34$