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    Question

    A shopkeeper marks an article 40% above the cost price

    and allows two successive discounts of 20% and 10% on the marked price. If he gains Rs. 44.8, find the Cost Price.
    A 8000 Correct Answer Incorrect Answer
    B 3070 Correct Answer Incorrect Answer
    C 7500 Correct Answer Incorrect Answer
    D 5600 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, CP=100x, MP=140x. SP = 140x * 0.9 * 0.8 = 100.8x. Profit = 0.8x = 44.8 => x = 56. CP = 5600.

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