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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 โ€˜Pโ€™. (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] ร— 100 = 15%ย  (approx)

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