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A shopkeeper marks his goods at such a price that he can reduce 25% for cash and yet make 20% profit. Find the marked price of an item which costs him Rs. 750.1. Rs. 22502. Rs. 12003. Rs. 17004. Rs. 15005. None of the above |
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Answer» Correct Answer - Option 2 : Rs. 1200 Given: Reduction price = 25% C.P. = 100 Formula used: C.P. : M.P. = (100 - discount) : (100 + Profit) Calculations: Here, discount = 25% ⇒ Profit = 20% According to formula ⇒ C.P./M.P. = (100 - 25)/(100 + 20) ⇒ Here, if 75 = 750 ⇒ Then, 120 = 1200 ∴ M.P. is Rs. 1200 |
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