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      Question

      A merchant offers a 20% discount to his customers on the

      marked price of a product. He still manages to make a profit of 60%. If the profit earned is Rs. 1,800, what is the marked price (in Rs.) of the product?
      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 product be Rs. '100x'

      ATQ:

      '100x' × 0.6 = 1,800

      Or, 60x = 1,800

      Or, x = (1800/60) = 30

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

      So, the selling price of the product = 3,000 + 1,800 = Rs. 4,800

      Required marked price of the product = 4800 ÷ 0.8 = Rs. 6,000

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