Question
The ratio of selling price, cost price, and marked price
of an article is 8:6:12, respectively. If there is a profit of Rs. 1000 in the transaction, then find the discount offered.Solution
ATQ, Let the selling price, cost price, and marked price of the article be Rs. 8x, Rs. 6x, and Rs. 12x, respectively. According to the question, Profit earned = 8x – 6x = Rs. 2x Therefore, 2x = 1000 Or, x = 500 Therefore, discount offered = 12x – 8x = 4x = 4 × 500 = Rs. 2000
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