Question

    An article Marked price is 30% above its cost price and

    it is sold at a discount of 10% making a profit of Rs.850.Then, what will be the selling price of an article if it is sold at a profit of 20%?
    A Rs.6020 Correct Answer Incorrect Answer
    B Rs.6200 Correct Answer Incorrect Answer
    C Rs.6000 Correct Answer Incorrect Answer
    D Rs.6500 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, we can say that  Let the initial cost price of an article is = 100x Then marked price will be = 130x  Then SP of an article will be =117x  Then Profit will be =117x – 100x=17x  Hence, the Cost price of article will be = (850/17) x 100 = 5000  So, the Selling price of an article will be = 5000 × (12/10) = Rs.6000

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