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    Question

    A shopkeeper marks up an item by 25%. If he

    increases the discount from 15% to 20%, the profit will decrease by Rs. 80. Find the selling price of the item in order to earn a profit of 40%.
    A Rs. 1792 Correct Answer Incorrect Answer
    B Rs. 1692 Correct Answer Incorrect Answer
    C Rs. 1702 Correct Answer Incorrect Answer
    D Rs. 1700 Correct Answer Incorrect Answer
    E Rs. 1752 Correct Answer Incorrect Answer

    Solution

    Let, cost price of item be Rs. x.
    So, mark price = Rs. 1.25x
    According to question,
    1.25x [0.85 – 0.80] = 80
    1.25x = 1600
    x = 1280
    Therefore, required selling price = 1280 × 1.4 = Rs. 1792

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