Question

An ARTICLE IS MARKED 10 % ABOVE THE COST PRICE . WHEN THE SELLING PRICE OF AN ARTICLE IS INCREASED BY 20% THE PROFIT GETS INCREASED BY RS 96 . IF THE MARKED PRICE OF THE ARTICLE IS RS 440 THEN FIND ORGINAL SELLING PRICE AND COST PRICE

Answer 1

Answer:

Rs 480

Explanation:

MP = 440, Also given MP = (110/100)*CP, so CP = Rs 400

Now SP – 400 = P

And given that, when SP increased by 20%:

(120/100)*SP – 400 = P + 96