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An article is marked up by ₹1225 above its cost price, which is x. It is sold at a discount of 0.27x, and the profit earned by the shopkeeper is 8%. Quantity I: x - 2500 Quantity II: If the cost price of the article is increased by 14.28% and it is sold at a profit of 25%, then find the profit (in ₹).
- Quantity I = Quantity II or no relation
- Quantity I < Quantity II
- Quantity I ≥ Quantity II
- Quantity I ≤ Quantity II
Correct answer: Quantity I = Quantity II or no relation
Solution
Using the markup and discount relation along with 8% profit, x can be determined. Then Quantity I and Quantity II can be evaluated numerically. The intended comparison leads to no definite relation, so the correct option is 'Quantity I = Quantity II or no relation' as given.
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