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      Question

      A shopkeeper marked an item 50% above its cost and offered

      a 30% discount. If the item is sold at Rs. 3,150, then what is the profit?
      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 article be Rs. '100b'

      Marked price of article = 1.50 × 100b = Rs. '150b'

      Selling price of article = 0.70 × 150b = Rs. '105b'

      So, 105b = 3,150

      Or, 'b' = 30

      Therefore, required profit = 5 × 30 = Rs. 150

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