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      Question

      Marked price of an article is Rs.1400 more than the cost

      price. When the same article is sold at a discount of Rs.300, the profit percent earned is 20%. To earn a profit of 30%, 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.(1400 + x) According to question, => (1400 + x) – 300 = [x × 120/100] => 1100 + x = 6x/5 => x = 5500 SP of an article = [(100 + 30)/100] × 5500 = Rs.7150

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