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      Question

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

      increases the discount from 20% to 25%, the profit will decrease by Rs. 66. Find the selling price of the item in order to earn a profit of 45%.
      A Rs. 1531.20 Correct Answer Incorrect Answer
      B Rs.1856 Correct Answer Incorrect Answer
      C Rs. 3172 Correct Answer Incorrect Answer
      D Rs. 2080 Correct Answer Incorrect Answer
      E Rs. 1350 Correct Answer Incorrect Answer

      Solution

      Let, cost price of item be Rs. x.
      So, mark price = Rs. 1.25x
      According to question,
      1.25x [0.80 – 0.75] = 66
      1.25x = 1320
      x = 1056
      Therefore, required selling price = 1056 × 1.45 = Rs. 1531.20

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