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      Question

      The ratio between the marked price and the cost price of

      an article is 5 : 3. If the selling price of the article is ₹84 and the shopkeeper gave two successive discounts of 16% and 20%, then find the profit or loss (in ₹).
      A Loss, ₹6 Correct Answer Incorrect Answer
      B Profit, ₹2 Correct Answer Incorrect Answer
      C Loss, ₹7 Correct Answer Incorrect Answer
      D Profit. ₹9 Correct Answer Incorrect Answer

      Solution

      Let the marked price and cost price be: MP = 5x CP = 3x After successive discounts of 16% and 20%, SP = MP × 84% × 80% SP = 5x × 0.84 × 0.80 SP = 3.36x Given SP = ₹84 So, 3.36x = 84 x = 25 Now, CP = 3x = 3 × 25 = ₹75 Profit = SP - CP = 84 - 75 = ₹9 Answer: Profit = ₹9

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