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    Question

    Ratio of MP and SP of an article is 7:6 and the article

    is sold at 20% profit. Find cost price of article, if the selling price is 200 more than its CP?
    A Rs.800 Correct Answer Incorrect Answer
    B Rs.1000 Correct Answer Incorrect Answer
    C Rs.950 Correct Answer Incorrect Answer
    D Rs.900 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the MP and SP be 700x and 600x respectively. => 120% of CP = 600x => CP = 500x According to questions, => SP = CP + 200 => 600x = 500x + 200 => 100x = 200 => x = 2 Cost price = 500x = Rs.1000

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