Question
The cost price, selling price and marked price of an
appliance are in the ratio 5:7:11. If the profit made is Rs. 600, then how much discount was offered on the sale?Solution
ATQ,
Let the cost price, selling price and marked price be Rs. 5x, Rs. 7x and Rs. 11x respectively
According to the question,
Profit earned = 7x – 5x = Rs. 2x
Therefore, 2x = 600
Or, x = 300
Therefore, discount offered = 11x – 7x = 4x = 4 × 300 = Rs. 1200
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