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Find the selling price of the article (in Rs) A. The ratio of the marked price to the cost price of the article is 3:2, respectively, and the shopkeep
Question

The following question are accompanied by two statements i.e. statement (A) and statement (B). You have to determine which statement (s) is/are sufficient/necessary to answer the question.

Find the selling price of the article (in Rs)
A. The ratio of the marked price to the cost price of the article is 3:2, respectively, and the shopkeeper allowed a 20% discount on the article.
B. The difference between the markup price and profit earned on the article is Rs 75.

A.

Either A or B

B.

Only A

C.

Neither A nor B

D.

Both A & B together

E.

Only B

Correct option is D

From A. Let the cost price be Rs 20a
Marked price = 20a×3/2=Rs 30a
Selling price = 30a×80/100=24a
From B. The difference between the markup price and profit earned on the article is Rs 75.
Both A & B together
(30a-20a)-(24a-20a)=75
10a-4a=75
a=12.5
Required price = 24×12.5=Rs 300

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