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    Question

    A shopkeeper sold a school bag at a profit of 36%. Had

    he sold the school bag at 16% profit he would have earned Rs.128 less. Find the cost price of the school bag.
    A Rs.620 Correct Answer Incorrect Answer
    B Rs.600 Correct Answer Incorrect Answer
    C Rs.640 Correct Answer Incorrect Answer
    D Rs.660 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the school bag be Rs.’x’ According to question, => 1.36x – 1.16x = 128 => 0.2x = 128 => x = 640 So, the cost price of the school bag is Rs.640.

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