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    Question

    A businessman increased the price of an equipment by 70%

    above the cost and sold it with two successive discounts of 12% and 10%. If the profit earned is Rs. 3,150, determine the cost price.
    A Rs. 25,000 Correct Answer Incorrect Answer
    B Rs. 15,000 Correct Answer Incorrect Answer
    C Rs. 8,000 Correct Answer Incorrect Answer
    D Rs. 9,091 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price be Rs. x. Marked price = Rs. 1.70x Selling price = 1.70x × 0.88 × 0.90 = x + 3150 1.3464x = x + 3150 0.3464x = 3150 x = 9,091 So, the cost price of the equipment = Rs. 9,091

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