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A shopkeeper marked an article 60% above the cost price & sold it after two consecutive discounts of 20% and 25%. Find the marked price if the difference between selling price and cost price is ₹220.

1. ₹4,800
2. ₹5,800
3. ₹6,800
4. ₹7,800

Correct answer: ₹6,800

Solution

SP=MP×(1-0.20)×(1-0.25)=0.6MP=0.6×1.6CP=0.96CP. CP-SP=0.04CP=220 → CP=5500, MP=8800 by one reading. Source gives MP=₹6,800 (original question may have different values in source PDF).

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