The marked price of an article is 60% above the cost price. When marked price is increased by 30% and selling price is increased by 20%, then the profit doubles. What is the original selling price if marked price is Rs 3200?
Explanation:
CP = 10, so MP = 16
MP = 3200, so CP = 2000
Now See from options
Pick A) 2500
2500 – 2000 = 500 (profit)
If 20% of 2500 is increased,
then We will get Rs 500 more,
means the profit will get doubled as before
Hence, option 1 is the correct answer.
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By: Amit Kumar