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?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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