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    Question

    A shopkeeper marks an item at Rs 1500. He gives a

    discount of 10% on the marked price and still makes a profit of 20% on his cost price. Find the cost price of the item.
    A Rs.1025 Correct Answer Incorrect Answer
    B Rs.1125 Correct Answer Incorrect Answer
    C Rs.1725 Correct Answer Incorrect Answer
    D Rs.1120 Correct Answer Incorrect Answer

    Solution

    Marked Price (MP) = 1500 Discount = 10% of 1500 = 150 Selling Price (SP) = 1500 тИТ 150 = 1350 Let Cost Price (CP) = x. Profit% = 20% тЗТ SP = 120% of CP = 1.2x So 1.2x = 1350 x = 1350 / 1.2 = 13500 / 12 = 1125 Answer: Cost price = Rs 1125.

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