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    Question

    A shopkeeper marked his goods at 24.5% above the cost

    price, and sold them after giving two successive discounts of 20% and 50% for Rs. 249. Find the cost price of the goods (in Rupees).
    A 800 Correct Answer Incorrect Answer
    B 400 Correct Answer Incorrect Answer
    C 600 Correct Answer Incorrect Answer
    D 500 Correct Answer Incorrect Answer

    Solution

    Let cost price of goods = Rs. n
    Marked price of the goods = Rs.1.245n
    Selling Price of article = 1.245n x 0.8x 0.5 = 0.498n
    According to question,
    0.498n = 249
    n = 500

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