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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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