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. 450. If the article was sold at a discount of Rs. 180, then find the profit/loss percentage incurred.Solution
Let the cost price and marked price of the article be Rs. 5x and Rs. 8x, respectively
According to the question,
8x – 5x = 450
Or, x = 150
Therefore, cost price of the article = 5x = Rs. 750
Marked price of the article = 8x = Rs. 1200
Selling price of the article = 1200 – 180 = Rs. 1020
Required profit percentage = {(1020 – 750)/750} × 100 = 36%
More Profit and loss Questions
- Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___
