Question
Marked price, selling price and cost price of an article
are in the ratio 13:11:8. If difference between marked price and cost price of an article is Rs. 1200 then find out the profit on the article. TYPE 30Solution
Let the MP, SP and CP on an article be 13x, 11x and 8x respectively. According to question, => (13x – 8x) = 1200 => 5x = 1200 => x = 240 Now, Profit = SP – CP => Profit = (11x – 8x) = 3x = Rs.720
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