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 42Solution
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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