Question

    The ratio of cost price to the marked price of an

    article is 5:8. The article had been marked above its cost price by Rs. 216. If the article was sold at a discount of Rs. 180, then find the profit/loss percentage incurred.
    A 15% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 24% Correct Answer Incorrect Answer
    D 30% Correct Answer Incorrect Answer
    E 10% Correct Answer Incorrect Answer

    Solution

    Let the cost price and marked price of the article be Rs. 5x and Rs. 8x, respectivelyAccording to the question,8x – 5x = 216Or, x = 72Therefore, cost price of the article = 5x = Rs. 360Marked price of the article = 8x = Rs. 576Selling price of the article = 576 – 180 = Rs. 396Required profit percentage = {(396 – 360)/360} × 100 = 10%

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