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    Question

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

    increases the discount from 10% to 20%, the profit will decrease by Rs. 30. Find the selling price of the item in order to earn a profit of 23%.
    A Rs. 172 Correct Answer Incorrect Answer
    B Rs. 295.20 Correct Answer Incorrect Answer
    C Rs. 172 Correct Answer Incorrect Answer
    D Rs. 170 Correct Answer Incorrect Answer
    E Rs. 175.20 Correct Answer Incorrect Answer

    Solution

    Let, cost price of item be Rs. x.
    So, mark price = Rs. 1.25x
    According to question,
    1.25x [0.90 – 0.80] = 30
    1.25x = 300
    x = 240
    Therefore, required selling price = 240 × 1.23 = Rs. 295.20

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