New Enroll in RBI Grade B New Batch - Starts on May 21

    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.  
    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 × 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

    Practice Next

    Relevant for Exams: