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Question

A furniture dealer sold an almirah with a 20% profit margin. Had the dealer purchased the almirah at a cost that was 10% lower and then sold it for an additional Rs. 300, the profit margin would have risen to 40%. Calculate the original cost price of the almirah.

A Rs. 5,000

B Rs. 4,000

C Rs. 5,500

D Rs. 5,750

E Rs. 7,000

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