Question
The ratio of the cost price of an article to its selling
price is 2:3. The marked price of the same item is Rs. 2,100 whereas the sum of the discount offered, and profit earned is Rs. 700. Find the selling price (in Rs.) of the article.Solution
ATQ, Let the cost price and selling price of the article be Rs. '2x' and Rs. '3x', respectively. According to the question, 2100-3x+(3x-2x) = 700 Simplifying, 2100-3x+x = 700 2100-2x = 700 2x = 2100-700 2x = 1400 x = 1400/2 = 700 Therefore, the selling price of the article is: 3x = 3×700 = 2100
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