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A shopkeeper marks the price of an article in such a way that after allowing a discount of 22%, he gets a gain of 11%.If the
marked price is Rs.888, then the cost price of the article is:
Rs 624
Rs 782
Rs 550
Rs 895
- The marked price of the article is Rs. 888.
- A discount of 22% on the marked price means the selling price is 78% of the marked price.
- Selling Price (SP) = 78% of Rs. 888 = 0.78 * 888 = Rs. 692.64.
- The shopkeeper gets a gain of 11%, meaning the selling price is 111% of the cost price.
- Cost Price (CP) = SP / 1.11 = Rs. 692.64 / 1.11 = Rs. 624.
- Therefore, the cost price of the article is Rs. 624.
- Option 1: Rs. 624 is correct.
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