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    Question

    A shopkeeper purchases an article at a 30% discount on

    the marked price and sells it at a 50% profit on the cost price. If his profit amounts to â‚ą840, find the marked price of the article.
    A 2400 Correct Answer Incorrect Answer
    B 2390 Correct Answer Incorrect Answer
    C 2310 Correct Answer Incorrect Answer
    D 2270 Correct Answer Incorrect Answer
    E 2210 Correct Answer Incorrect Answer

    Solution

    Let the marked price = 100x Cost price = 70x Selling price = 150% of 70x = 105x Profit = 105x – 70x = 35x 840 = 35x x = 24 marked price = 100x = 100×24 = 2400

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