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    Question

    A shopkeeper marks up the price of an article by 50% and

    offers two successive discounts of 20% and 15% and gain ₹80, then find the cost price of the article?
    A ₹5000 Correct Answer Incorrect Answer
    B ₹5500 Correct Answer Incorrect Answer
    C ₹6000 Correct Answer Incorrect Answer
    D ₹4000 Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be 100x MRP = 150x The price after the first discount of 20% = 150x × (1 − 0.20) = 150x × 0.80 = 120x The price after the second discount of 15% = 120x × (1 − 0.15) = 120x × 0.85 = ₹102x profit = 120x-102x = 80 2x = 80 Cost price = 100x = 4000 Correct answer: d

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