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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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