Question
Ratio of MP and SP of an article is 9:8 and the article
is sold at 60% profit. Find cost price of article, if the selling price is 300 more than its CP? TYPE 42Solution
Let the MP and SP be 900x and 800x respectively. => 160% of CP = 800x => CP = 500x According to questions, => SP = CP + 300 => 800x = 500x + 300 => 300x = 300 => x = 1 Cost price = 500x = Rs.500
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