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There was a loss of 22% after selling an article at a 40% discount. If the shopkeeper had increased the marked price of the article by 40% but allowed the same discount percentage, and he earned ₹184 as profit after increasing the marked price, then find the cost price of the article.
- ₹2200
- ₹2000
- ₹2100
- ₹2500
Correct answer: ₹2000
Solution
A 40% increase in marked price with the same 40% discount makes the selling price 40% higher than before. Since the original sale caused a 22% loss and the new sale gives ₹184 profit, the difference between the two selling prices helps determine the cost price. Solving gives the cost price as ₹2000.
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