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      Question

      Marked price, selling price and cost price of an article

      are in the ratio 13:10:8. If difference between marked price and cost price of an article is Rs. 1250 then find out the profit on the article.
      A Rs.750 Correct Answer Incorrect Answer
      B Rs.500 Correct Answer Incorrect Answer
      C Rs.800 Correct Answer Incorrect Answer
      D Rs.540 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the MP, SP and CP on an article be 13x, 10x and 8x respectively. According to question, => (13x – 8x) = 1250 => 5x = 1250 => x = 250 Now, Profit = SP – CP => Profit = (10x – 8x) = 2x = Rs.500

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