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Let the cost price and marked price of the article be Rs. 4x and Rs. 9x, respectively Therefore, selling price of the article = 1.55 × 4x = Rs. 6.2x According to the question, 9x – 6.2x = 700 Or, x = 700/2.8 = 250 Therefore, amount by which article is marked up above its cost price = 9x – 4x = 5x = Rs. 1250
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