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    Question

    A seller priced a bag of rice 50% higher than its cost

    price and later sold it after applying a 20% discount. If the profit made by the seller was Rs. 40, determine the difference between the selling price and the marked price of the rice bag.
    A Rs.20 Correct Answer Incorrect Answer
    B Rs.40 Correct Answer Incorrect Answer
    C Rs.50 Correct Answer Incorrect Answer
    D Rs.60 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the Rice bag be Rs. ‘2a’ So, marked price of the Rice bag = 2a × 1.5 = Rs. ‘3a’ Selling price of the Rice bag = 3a × 0.8 = Rs. ‘2.4a’ Profit = 2.4a – 2x = Rs. ‘0.4a’ ATQ; 0.4a = 40 Or, a = 100 So, marked price of the Rice bag = 100 × 3 = Rs.300 Selling price of the Rice bag = 100 × 2.4 = Rs.240 Required difference = 300 – 240 = Rs.60

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