Question

Percent profit earned when an article is sold for Rs. 546/- is double the percent profit earned when the same article is sold for Rs. 483/-. If the marked price of the article is 40% above the cost price, what is the marked price of the article?

Answer 1

Answer:

Please see the attachment

Answer 2

The marked price of the article = 588

Step-by-step explanation:

Let cost price = x

Now given that percent profit earned when an article is sold for Rs. 546/- is double the percent profit earned when the same article is sold for Rs. 483/-.

⇒ 546 - x = 2 ( 483 - x )

⇒ 546 - x = 966 - 2 x

⇒ x = 966 - 546 = 420

Thus cost price = 420

Now given that the marked price of the article is 40% above the cost price.

⇒ Marked price = 1.4 × cost price

⇒ Marked price = 1.4 × 420

⇒ Marked price = 588

Therefore the marked price of the article = 588