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      Question

      A shopkeeper bought an article and marked it 60% above

      the cost price and sold it after giving a discount of 20%. Had he bought it for Rs. 300 less and sold it for Rs. 140 more, then he would have made a profit of Rs. 1000. Find the cost price of the article.
      A Rs. 1500 Correct Answer Incorrect Answer
      B Rs. 1800 Correct Answer Incorrect Answer
      C Rs. 2000 Correct Answer Incorrect Answer
      D Rs. 2500 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. 100x

      Marked price of the article = 1.6 × 100x = Rs. 160x

      Selling price of the article = 0.8 × 160x = Rs. 128x

      According to the question;

      (128x + 140) – (100x – 300) = 1000

      Or, 28x + 440 = 1000

      Or, 28x = 560

      Or, x = 20

      Cost price of the article = 100 × 20 = Rs. 2000

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