Question

    The percentage profit earned when an article is sold for Rs. 700 is three times the percentage profit earned when the same article is sold for Rs. 460. If the marked price of the article is 40% above the cost price, then what is the marked price of the article?

    A Rs. 476 Correct Answer Incorrect Answer
    B Rs. 400 Correct Answer Incorrect Answer
    C Rs. 541 Correct Answer Incorrect Answer
    D Rs. 516 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price be x. Then, MP = 7x/5 According to the question, 700 – x = 3(460– x) 700 – x = 1380 – 3x 2x = 1380 – 700 x = 340 MP = 7 * 340/5 = Rs. 476

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