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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. ‘2x’
    So, marked price of the article = 2x × 1.7 = Rs. ‘3.4x’
    Selling price of the article = 3.4x × 0.8 = Rs. ‘2.72x’
    Profit = 2.72x – 2x = Rs. ‘0.72x’
    ATQ;
    0.72x = 63
    Or, x = 87.5
    So, marked price of the article = 87.5 × 3.4 = Rs. 297.5
    Selling price of the article = 87.5 × 2.72 = Rs. 238
    Required difference = 297.5 – 238 = Rs. 59.5

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