Multiple choice

The marked price of article A is 1600 more than its cost price. If article A is sold at a discount of 500 and earn a profit of 25%. At what price he should sell the article to make 30% profit ?

  1. 5720

  2. 5270

  3. 5370

  4. 5730

  5. 5470
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Marked Price = CP + 1600. Selling at discount of 500 gives SP = MP - 500 = CP + 1100. This SP gives 25% profit, so 1.25×CP = CP + 1100, CP = 1100/0.25 = 4400. For 30% profit: SP = 1.3×4400 = 5720.

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