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    Question

    A gadget was obtained at Rs. 1000 and improved for Rs. 600.

    It was marked 50% above the cost but later sold at a 10% loss. What is the discount given?
    A Rs. 960 Correct Answer Incorrect Answer
    B Rs. 500 Correct Answer Incorrect Answer
    C Rs. 875 Correct Answer Incorrect Answer
    D Rs. 780 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Effective cost price of the gadget = 1000 + 600 = Rs. 1600

    Marked price of the gadget = 1.5 × 1600 = Rs. 2400

    Selling price of the gadget = 0.9 × 1600 = Rs. 1440

    Therefore, discount offered = 2400 – 1440 = Rs. 960

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