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      Question

      The selling price, cost price and marked price of a bag are

      in the ratio 7:5:10. If the profit is Rs. 800, calculate the discount allowed on the marked price.
      A Rs.2500 Correct Answer Incorrect Answer
      B Rs.1000 Correct Answer Incorrect Answer
      C Rs.1200 Correct Answer Incorrect Answer
      D Rs.1250 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the selling price, cost price and marked price be Rs. 7x, Rs. 5x and Rs. 10x respectively

      According to the question,

      Profit earned = 7x – 5x = Rs. 2x

      Therefore, 2x = 800

      Or, x = 400

      Therefore, discount offered = 10x – 7x = 3x = 3 × 400 = Rs. 1200

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