New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    The ratio of the cost price and marked price of an

    article is 4:9, respectively. The article is sold after giving a discount of Rs. 700 such that there is a profit of 55%. Find the amount by which the article is marked up above its cost price.  
    A Rs. 1280 Correct Answer Incorrect Answer
    B Rs. 1250 Correct Answer Incorrect Answer
    C Rs. 1125 Correct Answer Incorrect Answer
    D Rs. 1800 Correct Answer Incorrect Answer

    Solution

    Let the cost price and marked price of the article be Rs. 4x and Rs. 9x, respectively Therefore, selling price of the article = 1.55 × 4x = Rs. 6.2x According to the question, 9x – 6.2x = 700 Or, x = 700/2.8 = 250 Therefore, amount by which article is marked up above its cost price = 9x – 4x = 5x = Rs. 1250

    Practice Next