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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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