Question
The ratio of the cost price and marked price of an
article is 4:7, respectively. The article is sold after giving a discount of Rs. 800 such that there is a profit of 25%. Find the amount by which the article is marked up above its cost price.ÂSolution
Let the cost price and marked price of the article be Rs. 4x and Rs. 7x, respectively Therefore, selling price of the article = 1.25 × 4x = Rs. 5x According to the question, 7x – 5x = 800 Or, x = 800/2 = 400 Therefore, amount by which article is marked up above its cost price = 7x – 4x = 3x = Rs. 1200
Which of the following statements is/are correct?
Statement 1: Over 50% of the world’s mangrove ecosystems are at risk according to the IUCN ...
How much did the government aim to extend through credit guarantees for MSMEs under the CGTMSE scheme in the next two years?
What does the RoDTEP scheme aim to refund to exporters?
How many wetlands of international importance are there in India, including the newly recognized Nagi and Nakti Bird Sanctuaries?
In 2025, India and which country marked the 5th anniversary of their Comprehensive Strategic Partnership by agreeing to work together against terrorism?
Consider the following about the RBI circular on card-on-file (CoF) tokenisation?
I. CoF refers to card information stored by payment gateway and...
What is the theme for the fifth International Day of Education to be celebrated on 24 January 2024?
What award did Tamil writer Sivashankari win for her contributions to literature recently?
Consider the following statements:
I. Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship Mission of Government of India was launched...
Where did the 72nd Miss World pageant kick off with a cultural event in 2025?
