Question
A person purchased an article for Rs. 1800 which was marked up by 25% above its cost price. The discount given by seller to person was Rs. 200. By how much more price, should the seller have sold to gain 20%?
Solution
Marked price of the article = 1800 + 200 = Rs. 2000 Cost price of the article= 2000/1.25 = Rs. 1600 Required selling price = 1.20 times; 1600 = Rs. 1920 Required amount = 1920 ndash; 1800 = Rs. 120
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