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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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