📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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. 432. If the article was sold at a discount of Rs. 180, then find the profit/loss percentage incurred.
    A 40% Correct Answer Incorrect Answer
    B 36% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 48% Correct Answer Incorrect Answer
    E 45% Correct Answer Incorrect Answer

    Solution

    Let the cost price and marked price of the article be Rs. 5x and Rs. 8x, respectively
    According to the question,
    8x – 5x = 432
    Or, x = 144
    Therefore, cost price of the article = 5x = Rs. 720
    Marked price of the article = 8x = Rs. 1152
    Selling price of the article = 1152 – 180 = Rs. 972
    Required profit percentage = {(972 – 720)/720} × 100 = 35%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question