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. 720. 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 = 720
Or, x = 240
Therefore, cost price of the article = 5x = Rs. 1200
Marked price of the article = 8x = Rs. 1920
Selling price of the article = 1920 – 180 = Rs. 1740
Required profit percentage = {(1740 – 1200)/1200} × 100 = 45%
How many components of bacterial flagella have?
The Moderna vaccine developed against coronavirus uses which of the following vaccines technology?
Which is the most powerful piece in a game of chess?
Who among the following is the author of the book ‘On Writing: A Memoir of the Craft’?
Which layer of the earth's atmosphere contains the ozone layer?
Which organization appointed Bollywood actress Kareena Kapoor Khan as its new National Ambassador?
In Jan 2024, which Indian state's 'Kadiyal Sarees' have been awarded the Geographical Indication (GI) tag?
Who is known as the father of genetics?
In which of the following years was the Census Act enacted and extended to the whole of India?
Which ceremonial folk dance of Puducherry is related to the Hindu epic Ramayana, performed at the Villianur temple in Puducherry?
