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    Question

    A shopkeeper marked an article 70% above its cost price

    and made a profit of Rs. 648 when he sold the article after giving a discount of 20%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2700.
    A 50% Correct Answer Incorrect Answer
    B 24% 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. ‘x’ So, Selling price of the article = 0.8 × 1.7 × x = Rs. 1.36x According to question; 1.36x – x = 648 Or, 0.36x = 648 Or, x = 1800 Desired Percentage = [(2700 – 1800)/1800] × 100 = 50%

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