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      Question

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

      increases the discount from 25% to 12%, the profit will decrease by Rs. 50. Find the selling price of the item in order to earn a profit of 60%.
      A Rs. 2214 Correct Answer Incorrect Answer
      B Rs.1440 Correct Answer Incorrect Answer
      C Rs. 3200 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 [0.88 – 0.86] = 50
      1.25x = 2500
      x = 2000
      Therefore, required selling price = 2000 × 1.60 = Rs. 3200

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