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    Question

    A shopkeeper purchased three items 'M', 'N', and 'O' at

    the same price. He sold item 'M' at a 25% profit, item 'N' at a 20% loss, and item 'O' at a 35% profit. If he earns an overall profit of Rs. 660, then find the selling price of item 'N'.
    A Rs.1938 Correct Answer Incorrect Answer
    B Rs.1615 Correct Answer Incorrect Answer
    C Rs.1320 Correct Answer Incorrect Answer
    D Rs.3615 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of each item be Rs. '100w'. So, the total cost price of 'M', 'N' and 'O' together = 3 X 100w = Rs. '300w' ATQ, (0.25 - 0.20 + 0.35) X 100w = 660 Or, 'w' = (660/40) = 16.5 Therefore, the selling price of 'N' = 0.80 X 100w = 80 X 16.5 = Rs. 1320

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