The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33% , what is the increased selling price?

The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33% , what is the increased selling price? Correct Answer 420

Initially                 CP           profit            SP                MP

 

                              100           x               (100+x)         133.33

 

After Change     100           2x             (100+x)   

 

Now,   Since (100+x)  - 100 = 2x

 

           76 x= 20%

 

                         CP            Profit              SP             MP

 

                        100             20               120           133.33

 

So,                  300             60               360             400

 

Again             300            120              420

 

So the increased selling price = Rs. 420

Bissoy MCQ

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