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    Question

    A trader marks an article 60% above its cost price.

    During a festival sale, he allows a discount of 25% on the marked price and still makes a profit of Rs 120 on the article. Find the cost price.
    A Rs 690 Correct Answer Incorrect Answer
    B Rs 800. Correct Answer Incorrect Answer
    C Rs 600 Correct Answer Incorrect Answer
    D Rs 618 Correct Answer Incorrect Answer

    Solution

    Let cost price = C. Marked price = 1.60C Discount 25% ⇒ Selling price S = 0.75 × 1.60C = 1.20C Profit = S − C = 0.20C Given profit = 120 ⇒ 0.20C = 120 ⇒ C = 120 / 0.20 = 600 Cost price = Rs 600.

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