Question

    Marked price of an article is Rs.1250 more than the cost

    price. When the same article is sold at a discount of Rs.500, the profit percent earned is 25%. To earn a profit of 30%, at what price the article should be sold?
    A 2020 Correct Answer Incorrect Answer
    B 4200 Correct Answer Incorrect Answer
    C 7150 Correct Answer Incorrect Answer
    D 3900 Correct Answer Incorrect Answer

    Solution

    Let CP of an article be Rs.x And MP = Rs.(1250 + x) According to question, => (1250 + x) – 500 = [x × 125/100] => 750 + x = 5x/4 => x = 3000 SP of an article = [(100 + 30)/100] × 3000 = Rs.3900

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