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?
Answer & Explanation
Answer: B) Rs. 420
Explanation: As given in the question, Marked price is 25% more than the Cost price.
=> C.P of the article =
Now,
Let the original S.P of the article be Rs. P
Now the new S.P = P +
=> S.P =
According to the question,
=> 5P = 1800
=> P = Rs. 360
Hence, the increased S.P = 360 x 7/6 = Rs. 420.
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