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?

Q: The percentage profit earned when an article is sold for Rs. 700 is three times the percentage profi

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

A Rs. 476

B Rs. 400

C Rs. 541

D Rs. 516

E None of these

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Exim Bank Management Trainee

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?

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