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    Question

    A dealer sold an article for Rs. 1462.5 after allowing a

    discount of 25% on its marked price. If the dealer suffered a loss of 22% in this transaction, then find the difference (in Rs.) between the cost price and the marked price of the article.
    A Rs. 70 Correct Answer Incorrect Answer
    B Rs. 76 Correct Answer Incorrect Answer
    C Rs. 75 Correct Answer Incorrect Answer
    D Rs. 71 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1462.5 ÷ 0.75 = Rs. 1950 Cost price of the article = 1462.5 ÷ 0.78 = Rs. 1875 Required difference = 1950 – 1875 = Rs. 75

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