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%?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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