Question
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. TYPE 30Solution
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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