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      Question

      A shopkeeper marked an article 70% above its cost price and made a profit of Rs. 440 when he sold the article after giving a discount of 25%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2000.

      A 20% Correct Answer Incorrect Answer
      B 26% Correct Answer Incorrect Answer
      C 25% Correct Answer Incorrect Answer
      D 27% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let cost price of the article is Rs. โ€˜xโ€™ So, Selling price of the article = 0.75 ร— 1.7 ร— x = Rs. 1.275x According to question; 1.275x โ€“ x = 440 Or, 0.275x = 440 Or, x = 1600 Desired Percentage = [(2000 โ€“ 1600)/1600] ร— 100 = 25%

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