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    Question

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

    increases the discount from 23% to 27%, the profit will decrease by Rs. 60. Find the selling price of the item in order to earn a profit of 20%.
    A Rs. 2214 Correct Answer Incorrect Answer
    B Rs.1440 Correct Answer Incorrect Answer
    C Rs. 3170 Correct Answer Incorrect Answer
    D Rs. 2610 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 [0.77 – 0.73] = 60
    1.25x = 1500
    x = 1200
    Therefore, required selling price = 1200 × 1.20 = Rs. 1440

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