Question
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. TYPE 30Solution
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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