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      Question

      The ratio of the cost price and marked price of an

      article is 6:11, respectively. The article is sold after giving a discount of Rs. 450 such that there is a profit of 50%. Find the amount by which the article is marked up above its cost price.Β Β 
      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. 6x and Rs. 11x, respectively Therefore, selling price of the article = 1.50 Γ— 6x = Rs. 9x According to the question, 11x – 9x = 450 Or, x = 450/2 = 225 Therefore, amount by which article is marked up above its cost price = 11x – 6x = 5x = Rs. 1125

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