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A shopkeeper marks an article 40% above its cost price and then allows a discount of 25% on the marked price. If the cost price is ₹800, find his profit. (answer in ₹)

Competition practiceProfit, Loss & Discount
  • A60
  • B40
  • C30
  • D50

Step-by-Step Solution

Marked price = = ₹1120. Selling price = = ₹840. Profit = 840 − 800 = ₹40.
Answer: B) 40

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