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    Question

    A merchant sold an article at 20% profit and bought

    another article with the proceeds. He then sold the second article at a 25% profit. If the original cost price was тВ╣5,000, what was the final selling price?
    A тВ╣7,500 Correct Answer Incorrect Answer
    B тВ╣8,000 Correct Answer Incorrect Answer
    C тВ╣8,250 Correct Answer Incorrect Answer
    D тВ╣9,000 Correct Answer Incorrect Answer
    E тВ╣9,250 Correct Answer Incorrect Answer

    Solution

    First selling price = тВ╣5,000 ├Ч (1 + 20/100) = тВ╣6,000. Second selling price = тВ╣6,000 ├Ч (1 + 25/100) = тВ╣7,500.

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