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    Question

    The ratio of the cost price and marked price of an

    article is 5:9, respectively. The article is sold after giving a discount of Rs. 900 such that there is a profit of 60%. 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 3600 Correct Answer Incorrect Answer

    Solution

    Let the cost price and marked price of the article be Rs. 5x and Rs. 9x, respectively Therefore, selling price of the article = 1.6 × 5x = Rs. 8x According to the question, 9x – 8x = 900 Or, x = 900 Therefore, amount by which article is marked up above its cost price = 9x – 5x = 4x = Rs. 3600

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