Question
The ratio of the cost price of an article to its selling
price is 5:6. The marked price of the same item is Rs. 3,000 whereas the sum of the discount offered, and profit earned is Rs. 1,200. Find the selling price (in Rs.) of the article.Solution
ATQ, Let the cost price and selling price of the article be Rs. '5x' and Rs. '6x', respectively. According to the question, 3000−6x+(6x−5x) = 1200 Simplifying, 3000−6x+x = 1200 3000−5x = 1200 5x = 3000−1200 5x = 1800 x = 1800/5 = 360 Therefore, the selling price of the article is: 6x = 6×360 = 2160
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