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Indian Economy - Understanding the basics of Indian economic system
A shopkeeper bought an article for Rs.x. He spent Rs.650 on its repair. He marked the article 60% above the total price of the article for the shopkeeper and then sold the article offering two consecutive discounts of 10% and 25%. If he made a profit of Rs.248 then find the value of x.
2200
Total CP of the article = Rs.(x+650) MP = (x+650)*1.60 = Rs.(1.6x+1040) SP = x+650+248 = Rs.(1.6x+1040)*0.90*0.75 => x + 898 = 1.08x + 702 =>x = 2450
Hence, option 2 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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