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    Question

    A shopkeeper priced an item at Rs. 640 above its

    original cost and then sold it at a 25% discount, resulting in a 35% profit. Calculate the cost price of the item.
    A Rs. 1080 Correct Answer Incorrect Answer
    B Rs. 800 Correct Answer Incorrect Answer
    C Rs. 1000 Correct Answer Incorrect Answer
    D Rs. 720 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. 20x So, 1.35 × 20x = 0.75 × (20x + 640) Or, 27x = 15x + 480 Or, 12x = 480 Or, x = 40 Cost price of the article = 20 × 40 = Rs. 800

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