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      Question

      An article is marked 40% above the cost price. If a

      discount of x% is given on the marked price of the article, then a final profit of 12% is obtained. Now if the C.P. of a new article is Rs. 2,400 and x% profit is desired then what should be the selling price of that new article?
      A 3245 Correct Answer Incorrect Answer
      B 2640 Correct Answer Incorrect Answer
      C 2880 Correct Answer Incorrect Answer
      D 2760 Correct Answer Incorrect Answer

      Solution

      Let CP =100        Profit % =12% MP =140              Discount =x% By Formula – MP/CP =(100+P)/(100-D) 140/100 =112/100-x 7/5 =112/100-x 100-x =80 X =20%. Then SP =2400×120/100 =2880.

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