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A shopkeeper has two articles, jeans and shirt. The cost price of a jeans is 32.5% more than the cost price of a shirt, and the cost price of the jeans is increased by 30% and sold for Rs. 4134 at a profit of 25%. If the shirt is marked up 15% above cost price, then find the marked price of the shirt (in Rs.).
- 2200
- 2208
- 2280
- 2820
Correct answer: 2208
Solution
The jeans were sold for Rs. 4134 at 25% profit, so its cost price after the 30% increase can be found first. Reversing the 30% increase gives the original jeans cost price, which is 32.5% more than the shirt cost price. Then 15% markup on the shirt cost price gives Rs. 2208.
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