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The marked price of an article is 50% above its cost price. If the marked price is Rs. 600, and the profit is 30%. Find the selling price of the article?
Rs. 525
Rs. 515
Rs. 510
Rs. 530
None of these
- The marked price is Rs. 600.
- The marked price is 50% above the cost price.
- Therefore, let the cost price be \( x \).
- \( x + 0.5x = 600 \) \(\Rightarrow\) \(1.5x = 600\) \(\Rightarrow\) \(x = 400\).
- The cost price is Rs. 400.
- The profit is 30% on the cost price.
- Selling price = Cost price + Profit.
- Profit = 30% of 400 = 0.3 \(\times\) 400 = Rs. 120.
- Therefore, selling price = 400 + 120 = Rs. 520.
None of the given options match the selling price of Rs. 520.
- Correct Answer: Option 5 - None of these.
By: Parvesh Mehta ProfileResourcesReport error
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