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      Question

      A seller marked an article 70% above its cost price and

      sold it after allowing 20% discount. If he made a profit of Rs. 63, then find the difference between selling price and marked price of the article.
      A Rs 55 Correct Answer Incorrect Answer
      B Rs 70 Correct Answer Incorrect Answer
      C Rs 62.5 Correct Answer Incorrect Answer
      D Rs 59.5 Correct Answer Incorrect Answer
      E Rs 45.5 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. β€˜2x’
      So, marked price of the article = 2x Γ— 1.7 = Rs. β€˜3.4x’
      Selling price of the article = 3.4x Γ— 0.8 = Rs. β€˜2.72x’
      Profit = 2.72x – 2x = Rs. β€˜0.72x’
      ATQ;
      0.72x = 63
      Or, x = 87.5
      So, marked price of the article = 87.5 Γ— 3.4 = Rs. 297.5
      Selling price of the article = 87.5 Γ— 2.72 = Rs. 238
      Required difference = 297.5 – 238 = Rs. 59.5

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