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.
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
In which of the following countries, scientists have discovered the remains of ‘Wilson’s little Penguin’?
Unique Identification Authority of India (UIDAI) comes under which of the following?
The act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy back up to the long-term trend, fo...
The Firm maximises profit by producing that quantity of output where
National Income was first estimated by
Who has been appointed as the first woman to lead ONGC(Oil and Natural Gas Corporation)?
In Which Five Year Plan India Opted for Mixed Economy?
Which is the parameter for the economic development ?
What is the full form of FDI.
The word ‘BUDGET’ was taken from the _________ word.
