Question

A shopkeeper sold an item at a 20% profit. If he had purchased it for Rs. 400 less and sold it for Rs. 240 more, his profit margin would have increased to 40%. Determine the selling price of the item when it is sold at a 28% profit based on its original cost price.

A Rs. 5040
B Rs. 5360
C Rs. 4800
D Rs. 4920
E None of these
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