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    Question

    A businessman offers a 40% discount on the marked price of

    a clothing item and still makes a profit of 20%. If his profit amounts to Rs. 600, what is the marked price (in Rs.) of the clothing item?
    A Rs.6485 Correct Answer Incorrect Answer
    B Rs.6000 Correct Answer Incorrect Answer
    C Rs.6375 Correct Answer Incorrect Answer
    D Rs.6515 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the clothing item be Rs. '100x'

    ATQ:

    '100x' × 0.2 = 600

    Or, 20x = 600

    Or, x = (600/20) = 30

    So, the cost price of the clothing item = 100x = 100 × 30 = Rs. 3,000

    So, the selling price of the clothing item = 3,000 + 600 = Rs. 3,600

    Required marked price of the clothing item = 3600 ÷ 0.6 = Rs. 6,000

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