Question
Marked price, selling price and cost price of an article
are in the ratio 10:8:3. If difference between marked price and cost price of an article is Rs. 1120 then find out the profit on the article. TYPE 30Solution
Let the MP, SP and CP on an article be 10x, 8x and 3x respectively. According to question, => (10x – 3x) = 1120 => 7x = 1120 => x = 160 Now, Profit = SP – CP => Profit = (8x – 3x) = 5x = Rs.800
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