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    Question

    A shopkeeper sold a school bag at a profit of 55%. Had

    he sold the school bag at 35% profit he would have earned Rs.188 less. Find the cost price of the school bag.
    A Rs.920 Correct Answer Incorrect Answer
    B Rs.900 Correct Answer Incorrect Answer
    C Rs.940 Correct Answer Incorrect Answer
    D Rs.960 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the school bag be Rs.’x’ According to question, => 1.55x – 1.35x = 188 => 0.2x = 188 => x = 940 So, the cost price of the school bag is Rs.940.

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