Question
Ratio of MP and SP of an article is 9:7 and the article
is sold at 40% profit. Find cost price of article, if the selling price is 200 more than its CP? TYPE 42Solution
Let the MP and SP be 900x and 700x respectively. => 140% of CP = 700x => CP = 500x According to questions, => SP = CP + 200 => 700x = 500x + 200 => 200x = 200 => x = 1 Cost price = 500x = Rs.500
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