Question

mark price of an article is 50%more than the cost price if selling price and mark price both increase 20%than profit will be doubled if mark price is 300 initially than what will be the selling price of an article​ initially

Answer 1

Answer:

Given,

MP = Rs. 300

Marked price was 50% above the cost price.

So,

CP = Rs. 200 [As 200 + 50% of 200 = 300]

Let the SP was x.

New MP = 300 + 20% of 300 = 360. So,

New SP = x +20% of x = 1.2x

Now, according to question,

1.2x -200 = 2*(x -200)

1.2x - 200 = 2x - 400

0.8x = 200

x = 250.

Thus, the original selling price was Rs. 250.

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