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 original selling 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

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Answer 2

Answer:

MP=440 Also given MP=(110/100)×CP

So,

CP=400

And given that when SP increase by 20%

(120/100)-400=p+96

Now answer is 480