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      Question

      Marked price, selling price and cost price of an article

      are in the ratio 12:8:5. If difference between marked price and cost price of an article is Rs. 1260 then find out the profit on the article.
      A Rs.300 Correct Answer Incorrect Answer
      B Rs.690 Correct Answer Incorrect Answer
      C Rs.540 Correct Answer Incorrect Answer
      D Rs.450 Correct Answer Incorrect Answer

      Solution

      Let the MP, SP and CP on an article be 12x, 8x and 5x respectively. According to question, => (12x โ€“ 5x) = 1260 => 7x = 1260 => x = 180 Now, Profit = SP โ€“ CP => Profit = (8x โ€“ 5x) = 3x = Rs.540

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