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    Question

    TYPE 30

    Marked price, selling price and cost price of an article

    are in the ratio 9:7:2. If difference between marked price and cost price of an article is Rs. 1050 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 2x respectively. According to question, => (9x – 2x) = 1050 => 7x = 1050 => x = 150 Now, Profit = SP – CP => Profit = (7x – 2x) = 5x = Rs.750

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