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    Question

    A wholesaler marked up the price of an air conditioner

    (AC) by 20% above the cost price and sold it for Rs. 650. The profit made from the sale was 10% of the selling price. Determine the marked price of the AC.
    A Rs. 614 Correct Answer Incorrect Answer
    B Rs. 702 Correct Answer Incorrect Answer
    C Rs. 604 Correct Answer Incorrect Answer
    D Rs. 744 Correct Answer Incorrect Answer

    Solution

    ATQ; Selling price of a product = Rs. 650 Profit earned = 0.1 X 650 = Rs. 65 So, cost price of the article = 650 - 65 = Rs. 585 Required marked price = Rs. (1.2 X 585) = Rs. 702 Hence, option b.

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