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    Question

    A person purchased an article for Rs. 2000 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 40%?
    A 386 Correct Answer Incorrect Answer
    B 332 Correct Answer Incorrect Answer
    C 376 Correct Answer Incorrect Answer
    D 464 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 2000 + 200 = Rs. 2200 Cost price of the article= 2200/1.25 = Rs. 1760 Required selling price = 1.4 times; 1760 = Rs. 2464 Required amount = 2464ndash; 2000 = Rs. 464

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