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Q: A shopkeeper pays 12% of the cost price as tax while purchasing an item whose cost is `500. He wants to earn a profit of 20% after giving a discount of 16% on the marked price. So, the marked price should be:
  • A. `800
  • B. `960
  • C. `840
  • D. `780
Correct Answer: Option A -
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Explanations:

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