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    • Question

      A trader buys an item for Rs. 16,000. He tags it at 40%

      above the cost price and sells it after providing a 25% discount. What is the profit (in Rs.) made?
      A Rs.600 Correct Answer Incorrect Answer
      B Rs.300 Correct Answer Incorrect Answer
      C Rs.800 Correct Answer Incorrect Answer
      D Rs.460 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Marked price of item = 1.40 × 16,000 = Rs. 22,400

      Selling price of item = 0.75 × 22,400 = Rs. 16,800

      Therefore, profit = 16,800 − 16,000 = Rs. 800

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