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    Question

    A shopkeeper marks up the price of an article by 40% on

    its cost price. He then offers a discount of 10% on the marked price. If the shopkeeper still makes a profit of ₹91 after selling the article, find the cost price of the article.
    A ₹320 Correct Answer Incorrect Answer
    B ₹350 Correct Answer Incorrect Answer
    C ₹380 Correct Answer Incorrect Answer
    D ₹430 Correct Answer Incorrect Answer
    E ₹450 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article = 100x Marked price = 140x Selling price after giving discount of 10% = 90% of 140x = 126x Profit = 126x – 100x 91 = 26x       x = 3.5 cost price = 100x = 350 ₹

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