New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    TYPE 30

    Marked price, selling price and cost price of an article

    are in the ratio 14:11:6. If difference between marked price and cost price of an article is Rs. 1360 then find out the profit on the article.
    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 14x, 11x and 6x respectively. According to question, => (14x – 6x) = 1360 => 8x = 1360 => x = 170 Now, Profit = SP – CP => Profit = (11x – 6x) = 5x = Rs.850

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