Multiple Choice Questions on The marked price of an article is 20 above the cost price When the selling price of an article is in........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The marked price of an article is 20 above the cost price When the selling price of an article is in...........

Quant (SSC) Profit and loss
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    The marked price of an article is 20% above the cost price. When the selling price of an article is increased by 30% the profit doubles. If the marked price of an article is 480, then original selling price is.

    531.15

    Incorrect Answer

    537.14

    Incorrect Answer

    571.4

    Correct Answer

    582.12

    Incorrect Answer
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    Explanation:

    Given MP = 120/100*CP.
    So, CP = 400.
    SP -400 = P (Profit)
    (130/100)*SP – 400 = 2P
    Solving both equation we get,
    SP = 4000/7 = 571.4

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