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    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 30
    A Rs.1150 Correct Answer Incorrect Answer
    B Rs.1250 Correct Answer Incorrect Answer
    C Rs.1100 Correct Answer Incorrect Answer
    D Rs.1050 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    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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