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    Question

    A shopkeeper marked an article P% above its cost price

    and sold it for Rs. 1150 after giving a discount of 20%. If the shopkeeper had a loss of 8% on the whole transaction, then find the value of ‘P’. (approximate value)
    A 20% Correct Answer Incorrect Answer
    B 17% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 16% Correct Answer Incorrect Answer

    Solution

    Marked price of article = 1150/0.80 = Rs. 1437.5 Cost price of the article = 1150/0.92 = Rs. 1250 So, P = [(1437.5 - 1250)/1250] × 100 = 15%  (approx)

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