Question
The ratio of selling price, cost price, and marked price
of an article is 7:5:10, respectively. If there is a profit of Rs. 800 in the transaction, then find the discount offered.Solution
ATQ, Let the selling price, cost price, and marked price of the article be Rs. 7x, Rs. 5x, and Rs. 10x, respectively. According to the question, Profit earned = 7x – 5x = Rs. 2x Therefore, 2x = 800 Or, x = 400 Therefore, discount offered = 10x – 7x = 3x = 3 × 400 = Rs. 1200
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