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    Question

    The ratio of the cost price and marked price of an

    article is 8:11, respectively. The article is sold after giving a discount of Rs. 600 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
    E Rs 1800 Correct Answer Incorrect Answer

    Solution

    Let the cost price and marked price of the article be Rs. 8x and Rs. 11x, respectively Therefore, selling price of the article = 1.25 × 8x = Rs. 10x According to the question, 11x – 10x = 600 Or, x = 600 Therefore, amount by which article is marked up above its cost price = 11x – 8x = 3x = Rs. 1800

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