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      Question

      A seller marked an article 50% above its cost price and

      sold it after allowing 20% discount. If he made a profit of Rs. 40, then find the difference between selling price and marked price of the article.
      A Rs. 120 Correct Answer Incorrect Answer
      B Rs. 60 Correct Answer Incorrect Answer
      C Rs. 80 Correct Answer Incorrect Answer
      D Rs. 75 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. ‘2x’
      So, marked price of the article = 2x × 1.5 = Rs. ‘3x’
      Selling price of the article = 3x × 0.8 = Rs. ‘2.4x’
      Profit = 2.4x – 2x = Rs. ‘0.4x’
      ATQ;
      0.4x = 40
      Or, x = 100
      So, marked price of the article = 100 × 3 = Rs. 300
      Selling price of the article = 100 × 2.4 = Rs. 240
      Required difference = 300 – 240 = Rs. 60

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