Question
A person purchased an article for Rs. 2500 which was
marked up by 30% above its cost price. The discount given by seller to person was Rs. 100. By how much more price, should the seller have sold to gain 40%?Solution
Marked price of the article = 2500 + 100 = Rs. 2600 Cost price of the article= 2600/1.30 = Rs. 2000 Required selling price = 1.4 times; 2000 = Rs. 2800 Required amount = 2800 ndash; 2500 = Rs. 300
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