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After selling a cycle for Rs 1680, a shopkeeper suffers a loss of 16%. If he wants to earn a 15% profit after allowing a discount of 8%, what should the marked price be?

ARs 2200
BRs 2450
CRs 2500 ✓ Correct
DRs 2600
Correct answer: (C) Rs 2500
Explanation

The marked price should be Rs 2500.

SP 1680 at a 16% loss gives CP = 1680 / 0.84 = 2000.

For 15% profit, required SP = 2000 x 1.15 = 2300.

An 8% discount means SP = 92% of the marked price.

Marked price = 2300 / 0.92 = 2500.

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