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A merchant allows 5% discount on the mar...

A merchant allows 5% discount on the marked price of an article to his customers. What price should he mark on an article the cost price of which is 712.50, so as to make a clear profit of `33(1)/(3)%` on his outlay ?

A

Rs. 1000

B

Rs. 1200

C

Rs. 980

D

Rs. 960

Text Solution

Verified by Experts

The correct Answer is:
A
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