Question

    Marked price, selling price and cost price of an article

    are in the ratio 10:7:5. If difference between marked price and cost price of an article is Rs. 1350 then find out the profit on the article.
    A Rs.720 Correct Answer Incorrect Answer
    B Rs.750 Correct Answer Incorrect Answer
    C Rs.540 Correct Answer Incorrect Answer
    D Rs.840 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the MP, SP and CP on an article be 10x, 7x and 5x respectively. According to question, => (10x – 5x) = 1350 => 5x = 1350 => x = 270 Now, Profit = SP – CP => Profit = (7x – 5x) = 2x = Rs.540

    Practice Next