Question
A person purchased an article for Rs. 2500 which was
marked up by 20% above its cost price. The discount given by seller to person was Rs. 400. By how much more price, should the seller have sold to gain 26%?Solution
Marked price of the article = 2500 + 200 = Rs. 2700 Cost price of the article= 2700/1.20 = Rs. 2250 Required selling price = 1.26 × 2250 = Rs. 2835 Required amount = 2835 – 2500 = Rs. 335
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