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Q.

The marked price of a cycle is _ 1200 by allowing a discount of 10%, it gives a profit of _ 70, then the cost price is

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a

Rs.1100

b

Rs.1011

c

Rs.1010

d

Rs.1000

answer is C.

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Detailed Solution

$M . P = R s . 1200$

$D = 10 %$

$10 % o f 1200 = 120$

$D = R s . 120$

C.P = M.P − Discount − Profit

$= 1200 - 120 - 70 = R s . 1010$

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The marked price of a cycle is _ 1200 by allowing a discount of 10%, it gives a profit of _ 70, then the cost price is