Question
The ratio of cost price to the marked price of an
article is 5:8. The article had been marked above its cost price by Rs. 900. If the article was sold at a discount of Rs. 180, then find the profit/loss percentage incurred.Solution
Let the cost price and marked price of the article be Rs. 5x and Rs. 8x, respectively
According to the question,
8x – 5x = 900
Or, x = 300
Therefore, cost price of the article = 5x = Rs. 1500
Marked price of the article = 8x = Rs. 2400
Selling price of the article = 2400 – 180 = Rs. 2220
Required profit percentage = {(2220 – 1500)/1500} × 100 = 48%
Who acted as the President after the death of Fakhruddin Ali Ahmed until a new President was elected?
Which Indian state launched the "Yuba Tripura, Natun Tripura, Atmanirbhar Tripura" initiative to encourage youth in industrial and business activi...
Who among the following IPS officers in 2023 is one of the first women officers to become the Director General of police in Punjab?
Who is/are the founder of Apple Inc, the first US-based company ?
What is the upgraded name of the Integrated Grievance Redressal System (IGMS) launched in 2011?
Who was the Secretary of State for India when the Council Act of 1909 was enacted?
As per SEBI regulations, what is the minimum corpus required for an Alternative Investment Fund (other than an Angel Fund)?
Who was appointed as the 52nd Chief Justice of India (CJI)?
________ river has the least storage capacity of usable water.
Famous musician Talvin Singh is associated with playing the ___________.
