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    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 30
    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 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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