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    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 42
    A Rs.480 Correct Answer Incorrect Answer
    B Rs.500 Correct Answer Incorrect Answer
    C Rs.750 Correct Answer Incorrect Answer
    D Rs.800 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    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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