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    Question

     A shopkeeper marks an article 25% above its cost

    price. He then gives two successive discounts of 10% and 4%. If he still makes a profit of Rs 96, then the cost price of the article is:
    A 1000 Correct Answer Incorrect Answer
    B 1520 Correct Answer Incorrect Answer
    C 1650 Correct Answer Incorrect Answer
    D 1200 Correct Answer Incorrect Answer

    Solution

    Let cost price = 100 Marked price = 125 After 10% discount: 125 x 90/100 = 112.5 After 4% discount: 112.5 x 96/100 = 108 So selling price = 108 when cost price = 100 Profit = 8% Given actual profit = Rs 96 8% of CP = 96 CP = 96 x 100 / 8 = 1200

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