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    Question

    An item is sold with two successive discounts of 15% and

    20%. Had it been sold for Rs. 204 more, the seller would have made a profit of 6.25%. Given that the cost price of the item is Rs. 960, determine its marked price.
    A Rs.2200 Correct Answer Incorrect Answer
    B Rs.1200 Correct Answer Incorrect Answer
    C Rs.1268 Correct Answer Incorrect Answer
    D Rs.1650 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the MRP of the item be Rs. ‘p’. SP of the item after two successive discounts = 0.85 × 0.80p = Rs. 0.68p ATQ, (0.68p + 204)/1.0625 = 960 0.68p = 1020 – 204 Or, p = 816/0.68 = Rs. 1200

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