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      Question

      A piece of machinery costing Rs. 900 was restored for Rs.

      500. The marked price was kept 20% higher than the cost, but it was sold at a loss of 25%. How much discount was given?
      A Rs. 900 Correct Answer Incorrect Answer
      B Rs. 500 Correct Answer Incorrect Answer
      C Rs. 875 Correct Answer Incorrect Answer
      D Rs. 630 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Effective cost price of the machinery = 900 + 500 = Rs. 1400

      Marked price of the machinery = 1.2 × 1400 = Rs. 1680

      Selling price of the machinery = 0.75 × 1400 = Rs. 1050

      Therefore, discount offered = 1680 – 1050 = Rs. 630

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