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Question

A shopkeeper marks an article 40% above its cost price. He allows a discount of x% on the marked price and still makes a profit of 12%. If, instead, he had allowed a discount of (x + 10)% on the marked price, his profit would have been Rs 56 less than before. What is the cost price of the article?

A Rs 280

B Rs.300

C Rs 260

D Rs 400

E Rs 330

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