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While selling 1515 items, a shopkeeper earned a profit equal to the total cost price of 33 items. If each item is marked 25%25\% above its actual cost and a discount of ₹2₹2 is given while selling it, then what is the difference between the total cost price of 2020 items and the total selling price of 1212 items?

Solution

✅ Correct Option: 1

Let the cost price of one item be Rs. CC.

Profit on 1515 items == cost of 33 items, so profit %=315×100=20%\% = \dfrac{3}{15} \times 100 = 20\%

Selling price of one item =1.2C= 1.2C


Marked price =25%= 25\% above cost =1.25C= 1.25C

Selling price == marked price −- discount =1.25C−2= 1.25C - 2


Both expressions give the same selling price:

1.25C−2=1.2C1.25C - 2 = 1.2C

0.05C=20.05C = 2

C=40C = 40

Selling price of one item =1.2×40=48= 1.2 \times 40 = 48


Cost price of 2020 items =20×40=800= 20 \times 40 = 800

Selling price of 1212 items =12×48=576= 12 \times 48 = 576

Difference =800−576=224= 800 - 576 = 224

Therefore, the difference is Rs. 224224.

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