the marked price of an article 50%above the cost price .when marked price increase 20% & selling price increases 20% the profit double orginal marked price is 300 orginal selling price is
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The marked price of an article 50%above the cost price
cost price=c
marked price=300
seeling price=x
we know that The marked price of an article 50%above the cost price
so c=[300*100/150]=rupees 200
cost price=c
marked price=300
seeling price=x
we know that The marked price of an article 50%above the cost price
so c=[300*100/150]=rupees 200
Let the SP was X.
New MP = 300 + 20% of 300 = 420.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, original selling price was Rs. 250.
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