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    Question

    TYPE 30

    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
    E None of these Correct Answer Incorrect Answer

    Solution

    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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