document.write( "Question 1049587: The Marked price of an article is 50% above Cost price. When Marked price is increased by 20% & Selling price is increased by 20%, the profit doubles. If original Marked price is 300, then what is the original Selling price ? \n" ); document.write( "
Algebra.Com's Answer #665250 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! The Marked price of an article is 50% above Cost price. \n" ); document.write( " When Marked price is increased by 20% & Selling price is increased by 20%, the profit doubles. \n" ); document.write( " If original Marked price is 300, then what is the original Selling price ? \n" ); document.write( ": \n" ); document.write( "let x = the cost price \n" ); document.write( "then \n" ); document.write( "1.5x = 300 \n" ); document.write( "x = 300/1.5 \n" ); document.write( "x = $200 is the cost price \n" ); document.write( ": \n" ); document.write( "20% increase in marked price: 1.2(300) = $360 \n" ); document.write( "Another 20% increase to obtain the selling price: 1.2(360) = $432 \n" ); document.write( "\"the profit doubles. then what is the original Selling price ?\" \n" ); document.write( "total profit (doubled): 432 - 200 = $232 \n" ); document.write( " \n" ); document.write( "200 + 116 = $316 is the original selling price \n" ); document.write( " \n" ); document.write( " |