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      Question

      The cost price and marked price of a jacket are in the

      ratio of 7:12. If a 25% discount is offered on the jacket, the shopkeeper makes a profit of Rs. 200. Determine the marked price of the jacket.
      A Rs.1641 Correct Answer Incorrect Answer
      B Rs.1467 Correct Answer Incorrect Answer
      C Rs.1200 Correct Answer Incorrect Answer
      D Rs.1788 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the cost price of the jacket be Rs. ‘7x’ and the marked price be Rs. ‘12x’.

      ATQ;

      Selling price of the jacket = 12x × 0.75 = Rs. ‘9x’

      Profit = 9x – 7x = Rs. ‘2x’

      So, 2x = 200

      Or, x = 100

      So, marked price of the jacket = 12 × 100 = Rs. 1200

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