Question
A certain article is marked up by 30% above its cost
price and sold for Rs. 5200, making a profit of 25%. Find the marked price of the article.Solution
ATQ,
Let the cost price of the article be Rs. x. Therefore, the selling price of the article = Rs. 1.25x. We know the selling price is Rs. 5200, So, 1.25x = 5200 Solving for x: x = 5200/1.25 = 4160 Therefore, the marked price of the article = 1.30 × 4160 = Rs. 5408
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