Question
Ratio of cost price and marked price of an article is
1:3. If profit obtained is Rs. 3500 then the profit percentage is 50%. If discount is 10%, find the selling price of article.Solution
Let the cost price be Rs. x. According to question, => 50% of x = 3500 => x = 3500 × 2 = Rs. 7000 Marked price = 3 × 7000 = Rs. 21000 Selling price when discount is 10% = 21000 × (90/100) = Rs. 18900
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