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.
ARs.800Correct AnswerIncorrect Answer
BRs.690Correct AnswerIncorrect Answer
CRs.540Correct AnswerIncorrect Answer
DRs.850Correct AnswerIncorrect Answer
ENone of theseCorrect AnswerIncorrect Answer
Solution
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