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      Question

      A shopkeeper marks an article 40% above its cost price.

      He then offers a discount of 20% on the marked price and still earns a profit of Rs 96 on the article. What is the cost price of the article?
      A Rs.750 Correct Answer Incorrect Answer
      B Rs.500 Correct Answer Incorrect Answer
      C Rs.800 Correct Answer Incorrect Answer
      D Rs.600 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the cost price = Rs x Marked price = x ├Ч 1.40 = 1.4x Discount = 20% тЖТ Selling price = 1.4x ├Ч 0.80 = 1.12x Profit = Selling price тАУ Cost price = 1.12x тАУ x = 0.12x Given profit = Rs 96 0.12x = 96 тЖТ x = 96 ├╖ 0.12 = 800 Cost price = Rs 800

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