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    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%?
    A 386 Correct Answer Incorrect Answer
    B 332 Correct Answer Incorrect Answer
    C 376 Correct Answer Incorrect Answer
    D 300 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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