Question Details

The percentage profit earned when an article is sold for Rs. 780 is double the percentage profit earned when the same article is sold for Rs. 470. If the marked price of the article is 25% above the cost price, then what is the marked price of the article?

Options

A

150

B

100

C

40

D

155

E

200

Show Answer

Correct Answer :

Option E

200

Solution :

To find the marked price of the article, we can break down the problem into step-by-step calculations: finding the cost price first, and then using it to calculate the marked price.

Step 1: Set up the relation for Cost Price (CP)
Let the cost price of the article be C rupees.
The formula for percentage profit is given by:

Percentage Profit=Selling Price (SP)-Cost Price (C)Cost Price (C)×100

According to the problem, the percentage profit when sold for Rs. 780 is double the percentage profit when sold for Rs. 470.
Therefore, we can write the equation as:

780-CC×100=2×470-CC×100

Step 2: Solve for Cost Price (CP)
We can simplify the equation by dividing both sides by 100C:

780-C=2×(470-C)

Expanding the right side:

780-C=940-2C

Rearranging the terms to solve for C:

2C-C=940-780

C=160

So, the cost price of the article is Rs. 160.

Step 3: Calculate the Marked Price (MP)
The marked price is 25% above the cost price.

Marked Price=C+25% of C

Substituting C=160 into the equation:

Marked Price=160+25100×160

Marked Price=160+40=200

Thus, the marked price of the article is Rs. 200.

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