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    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 30
    A Rs.800 Correct Answer Incorrect Answer
    B Rs.690 Correct Answer Incorrect Answer
    C Rs.540 Correct Answer Incorrect Answer
    D Rs.850 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect 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

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