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A merchant marked the price of an articl...

A merchant marked the price of an article by increasing its production cost by 40%. Now he allows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is

A

Rs. 320

B

Rs. 360

C

Rs. 400

D

Rs. 440

Text Solution

Verified by Experts

The correct Answer is:
C
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