Question

    Marked price of an article is Rs.1000 more than the cost

    price. When the same article is sold at a discount of Rs.100, the profit percent earned is 15%. To earn a profit of 20%, at what price the article should be sold?
    A 7020 Correct Answer Incorrect Answer
    B 8400 Correct Answer Incorrect Answer
    C 7150 Correct Answer Incorrect Answer
    D 6500 Correct Answer Incorrect Answer
    E 7200 Correct Answer Incorrect Answer

    Solution

    Let CP of an article be Rs.x And MP = Rs.(1000 + x) According to question, => (1000 + x) – 100 = [x × 115/100] => 900 + x = 23x/20 => x = 6000 SP of an article = [(100 + 20)/100] × 6000 = Rs.7200

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