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      Question

      A shopkeeper adds 40% to the cost price of a chair and

      sells it after offering a 25% discount on the marked price. If the chair is sold for Rs. 2,100, find the profit he earns.
      A Rs.760 Correct Answer Incorrect Answer
      B Rs.610 Correct Answer Incorrect Answer
      C Rs.540 Correct Answer Incorrect Answer
      D Rs.840 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the cost price of chair be Rs. '100b'

      Marked price = 1.40 Ă— 100b = Rs. '140b'

      Selling price = 0.75 Ă— 140b = Rs. '105b'

      So, 105b = 2,100

      Or, b = 20

      Therefore, required profit = 5 Ă— 20 = Rs. 100

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