Question
The ratio of selling price, cost price, and marked price of an article is 4:2:7, respectively. If there is a profit of Rs. 600 in the transaction, then find the discount offered.
Solution
ATQ, Let the selling price, cost price, and marked price of the article be Rs. 4x, Rs. 2x, and Rs. 7x, respectively. According to the question, Profit earned = 4x – 2x = Rs. 2x Therefore, 2x = 600 Or, x = 300 Therefore, discount offered = 7x – 4x = 3x = 3 × 300 = Rs. 900
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