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    Question

    By giving a discount of 23% on the market price of an

    article, the trader earns a profit of 10%. If the difference between the market price and the cost price of the article is Rs.60.What is the market price of the article?
    A Rs.125 Correct Answer Incorrect Answer
    B Rs.250 Correct Answer Incorrect Answer
    C Rs.140 Correct Answer Incorrect Answer
    D Rs.200 Correct Answer Incorrect Answer
    E Rs.160 Correct Answer Incorrect Answer

    Solution

    Let the market price of article is 100x,   SP of article = 77% of 100x = 77x   CP of article = 77x × (100/110) = 70x   According to the question,   100x - 70x = 60   x = 2   Therefore, MP = 100x = 100 × 2 = Rs.200

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