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The profit percentage earned by selling an item for Rs. 1078 is equal to the percentage loss incurred by selling the same item for Rs. 882. What should be the Marked Price of the item if it is to be sold at approximately 15% profit, after giving 10% discount to the customer?
  • a)
    1239
  • b)
    1240
  • c)
    1252
  • d)
    1254
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The profit percentage earned by selling an item for Rs. 1078 is equal ...
Let CP be x.
As per the given condition,
(1078 - x)/x = (x - 882)/x
⇒ 1078 - x = x - 882
⇒ x = 980
Selling price in order to make 15% profit = 980 x 1.15 = Rs 1127.
Hence Marked Price of the item should be (10/9)*1127 = Rs. 1252.
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