a person buys a chair listed at rs.500 and gets a discount of 28%. he spends rs.15 on transportation and sells it at a gain of 20%. find the selling price of the chair.
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listed price of chair = 500
discount = 28%
Cost price = 500 - (500×28/100) = 500 - 140 = 360
transportation cost = 15
total cost = 360 + 15 = 375
gain = 20%
20% of 375 = 375×20/100 = 75
selling price = 375 + 75 = Rs . 450
discount = 28%
Cost price = 500 - (500×28/100) = 500 - 140 = 360
transportation cost = 15
total cost = 360 + 15 = 375
gain = 20%
20% of 375 = 375×20/100 = 75
selling price = 375 + 75 = Rs . 450
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