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11
Q:

The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?

A) Rs. 380 B) Rs. 420
C) Rs. 460 D) Rs. 440

Answer:   B) Rs. 420



Explanation:

As given in the question, Marked price is 25% more than the Cost price.

=> C.P of the article = 34 x 400 = 300 

Now, 

Let the original S.P of the article be Rs. P

Now the new S.P = P + 16.666 +13.333300 x P 

=> S.P = 7P6

According to the question,

7P6 - 300 = 2P - 300

=> 5P = 1800

=> P = Rs. 360

Hence, the increased S.P = 360 x 7/6 = Rs. 420. 

Subject: Profit and Loss
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