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?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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