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Question
A dealer buys an article for ₹380.00. What price should he mark so that after allowing a discount of 5% he still makes a profit of 25% on the article?
Options
₹ 500
₹ 475
₹ 95
₹ 465
MCQ
Solution
₹ 500
Explanation:
CP = 380
SP`=125/100xx380`
Let MP = x
According to the question,
`95/100"x"=125/100xx380`
`"x"=100/95xx125/100xx380=₹500`
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Profit and Loss (Entrance Exam)
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