A trader adds 40% of the price he pays for his goods to give the selling price. He later reduces the price of the goods, in a sale, by 25%. If the trader buys an article for Rs. 640; find its sale price.
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Solution
Lets price of goods be Rs. 100 After adding 40% price S.P =100+40= Rs. 140 In sell 25% of selling S.P =140×25100= Rs. 35 Hence after discount S.P =140−25= Rs. 105 Total gain =105−100=5% If cost Rs. 640 then Selling price =640+640×5100= Rs. 672