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    Question

    A shopkeeper sold a jacket for Rs. 4500 at a loss of

    20%. At what price should he have sold the jacket, to earn a profit of 20%?
    A Rs.6500 Correct Answer Incorrect Answer
    B Rs.6900 Correct Answer Incorrect Answer
    C Rs.7500 Correct Answer Incorrect Answer
    D Rs.6750 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let CP = Rs. x => SP = (100-20)%×x => 4500 = (80/100)×x => x = 5625 CP = Rs. 5625 Profit = 5625 ×(20/100) = Rs.1125 SP = CP + Profit SP = 5625 + 1125 = Rs.6750

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