Question
Ratio of MP and SP of an article is 5:4 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 500x and 400x respectively. => 160% of CP = 400x => CP = 250x According to questions, => SP = CP + 300 => 400x = 250x + 300 => 150x = 300 => x = 2 Cost price = 250x = Rs.500
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