Question

    Ratio of MP and SP of an article is 4:3 and the article

    is sold at 25% profit. Find cost price of article, if the selling price is 120 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 400x and 300x respectively. => 125% of CP = 300x => CP = 240x According to questions, => SP = CP + 120 => 300x = 240x + 120 => 60x = 120 => x = 2 Cost price = 240x = Rs.480

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