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    Question

    TYPE 30

    Marked price, selling price and cost price of an article

    are in the ratio 9:7:3. If difference between marked price and cost price of an article is Rs. 1260 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 9x, 7x and 3x respectively. According to question, => (9x – 3x) = 1260 => 6x = 1260 => x = 210 Now, Profit = SP – CP => Profit = (7x – 3x) = 4x = Rs.840

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