Question 55

Marked price of an article is ₹2600, which is 30% more than the cost price. If the profit is 45%, then what will be the selling price of the article?

Solution

Given the MP of the article is 2600 and according to the question MP = 130 % CP

Hence, CP = $$\frac{2600}{1.3}$$ = 2000.

Profit % = $$\frac{SP - CP}{CP}$$

45 % = $$\frac{SP - 2000}{2000}$$

SP = 2900.

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