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When the marked price of an item is reduced by 11%, the profit gained is 14%. If the cost price of the item is Rs. 810, what is the initial marked price?1). Rs. 10182). Rs. 1037.53). Rs. 1142.84). Rs. 1246.2 |
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Answer» LET the initial MARKED price be RS. ‘x’. ⇒ REDUCTION in price = 0.11x ⇒ Selling price = x – 0.11x = 0.89x ⇒ Profit GAINED = 0.14 × 810 = Rs. 113.4 ⇒ Selling price = 810 + 113.4 = Rs. 923.4 ⇒ 0.89x = 923.4 ∴ x = Rs. 1037.5 |
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