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    Question

    A shopkeeper marked his article 62.5% above the cost

    price and sold it after giving a single discount of 8%. If the shopkeeper earned a proit of Rs. 396 in the whole transaction, then ind the marked price of the article. 
    A Rs.1200 Correct Answer Incorrect Answer
    B Rs.1300 Correct Answer Incorrect Answer
    C Rs.1270 Correct Answer Incorrect Answer
    D Rs.1120 Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. ‘8x’. So, marked price of the article = 1.625 × 8x = Rs. ‘13x’ Selling price of the article = 0.92 × 13x = Rs. 11.96x According to question; 11.96x – 8x = 396 Or, 3.96x = 396 Or, x = 100 So, cost price of the article = 8 × 100 = Rs. 800 Marked price of the article = 1.625 × 800 = Rs. 1300

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