Marked price of an article is 1600 Rs. morethan the cost price. When the same article issold at a discount of Rs. 500 then the percentprofit earned is 25%. For earning a profit of30%, the article should be sold at what price?

Marked price of an article is 1600 Rs. morethan the cost price. When the same article issold at a discount of Rs. 500 then the percentprofit earned is 25%. For earning a profit of30%, the article should be sold at what price? Correct Answer 5720

Ans. B.According to the question ,Marked Price = 1600 + Cost price - (i)MP – 500 = 125/100 * CP - (ii)MP = 5/4 CP + 500 - (ii)4MP = 5CP + 2000 -(ii)Solving (i) and (ii)Cost Price = 4400Now , the selling price= 130/100 * 4400= 5720

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