Multiple Choice Questions on A profit of 8 is made by selling a shirt after offering a discount of 12 If the marked price of the ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A profit of 8 is made by selling a shirt after offering a discount of 12 If the marked price of the ...........

Quant (SSC) Profit and loss
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    A profit of 8% is made by selling a shirt after offering a discount of 12%. If the marked price of the shirt is Rs. 1080, find its cost price.

    890

    Incorrect Answer

    880

    Correct Answer

    980

    Incorrect Answer

    900

    Incorrect Answer
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    Explanation:

    According to the question, we get the equation
    Since,  Marked Price × Discounted Price = Cost Price × Profit / Loss%
    ∴  C.P = 1080 × (100 – 12) /(100 + 8)
    = 1080 × 88 /108 = Rs. 880/-

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