Question

    An article is priced 25% higher than its cost price and

    is sold at a discount of 10% on the marked price. If the profit made from the sale is Rs. 50, determine the selling price of the article. 
    A Rs. 400 Correct Answer Incorrect Answer
    B Rs. 650 Correct Answer Incorrect Answer
    C Rs. 450 Correct Answer Incorrect Answer
    D Rs. 500 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. ‘x’. Marked price of the article = Rs. 1.25x So, 90% of 1.25x = x + 50 1.125x = x + 50 0.125x = 50 x = 400 Selling price of the article = x + 50 = Rs. 450

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question