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    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. 
    A Rs 1200 Correct Answer Incorrect Answer
    B Rs 960 Correct Answer Incorrect Answer
    C Rs 2400 Correct Answer Incorrect Answer
    D Rs 1000 Correct Answer Incorrect Answer

    Solution

    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

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