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    Question

    An article with cost price of Rs. 1700 is marked 40%

    above its cost price and sold after two successive discounts of 11% and Rs. ‘X’ respectively such that it is sold at a profit of 16%. Find the value of ‘X’.
    A 126.2 Correct Answer Incorrect Answer
    B 136.2 Correct Answer Incorrect Answer
    C 146.2 Correct Answer Incorrect Answer
    D 116.2 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1700 × 1.4 = Rs. 2380 Selling price of the article after first discount = 2380 × (89/100) = Rs. 2118.2 Selling price of the article after second discount = 1700 × 1.16 = Rs. 1972 So, second discount = X = 2118.2 – 1972 = 146.2

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