Question
Marked price of an article is Rs.800 more than the cost
price. When the same article is sold at a discount of Rs.400, the profit percent earned is 25%. To earn a profit of 30%, at what price the article should be sold?Solution
Let CP of an article be Rs.x And MP = Rs.(800 + x) According to question, => (800 + x) – 400 = [x × 125/100] => 400 + x = 5x/4 => x = 1600 SP of an article = [(100 + 30)/100] × 1600 = Rs.2080
The current ratio can be numerically expressed in the form of the following equation
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