Question
The percentage profit earned when an article is sold for
Rs. 720 is five times the percentage profit earned when the same article is sold for Rs. 600. If the marked price of the article is 30% above the cost price, then what is the marked price of the article?Solution
Let the cost price be x. Then, MP = 13x/10 According to the question, 720 – x = 5(600– x) 720 – x = 3000 – 5x 4x = 3000 – 720 x = 570 MP = 13 * 570/10 = Rs. 741
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