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      Question

      A shopkeeper marked his article 75% above the cost price

      and sold it after giving a single discount of 12%. If the shopkeeper earned a profit of Rs. 540 in the whole transaction, then find the marked price of the article.
      A Rs.1,500 Correct Answer Incorrect Answer
      B Rs.1,200 Correct Answer Incorrect Answer
      C Rs.1,750 Correct Answer Incorrect Answer
      D Rs.1,650 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the cost price of the article be Rs. ‘10x’. So, marked price of the article = 1.75 × 10x = Rs. ‘17.5x’ Selling price of the article = 0.88 × 17.5x = Rs. 15.4x According to the question: 15.4x – 10x = 540 Or, 5.4x = 540 Or, x = 100 So, the cost price of the article = 10 × 100 = Rs. 1000 Marked price of the article = 1.75 × 1000 = Rs. 1750

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