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%?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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