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Question

A shop seller offered a discount of Rs. 3500 on the marked price of a rice bag and earned a profit of 40%. If the difference between the cost price and the marked price of the rice bag is 37.5% of the marked price of the rice bag, then determine the profit earned by the shop seller on selling the rice bag.

A Rs.6500

B Rs.7000

C Rs.5400

D Rs.5600

E none of these

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