Question
Marked price, selling price and cost price of an article
are in the ratio 11:9:4. If difference between marked price and cost price of an article is Rs. 1540 then find out the profit on the article. TYPE 30Solution
Let the MP, SP and CP on an article be 11x, 9x and 4x respectively. According to question, => (11x – 4x) = 1540 => 7x = 1540 => x = 220 Now, Profit = SP – CP => Profit = (9x – 4x) = 5x = Rs.1100
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