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. TYPE 30Solution
Let the MP, SP and CP on an article be 12x, 8x and 5x respectively. According to question, => (12x – 5x) = 1260 => 7x = 1260 => x = 180 Now, Profit = SP – CP => Profit = (8x – 5x) = 3x = Rs.540
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