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A dealer marks an article 60% above the cost price and sells it to a customer allowing two successive discounts of 10% and 20% on the marked price. If
Question

A dealer marks an article 60% above the cost price and sells it to a customer allowing two successive discounts of 10% and 20% on the marked price. If he gains ₹ 1,064 in the transaction, the cost price (in ₹) of the article is:

A.

8400

B.

7000

C.

6300

D.

7200

Correct option is B

Let the CP = 100x
MP = 160x

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