If a man were to sell his chair for Rs.720
If a man were to sell his chair for Rs.720, he would loss 25%. To gain 25% he should sell it for
ARs.1200
BRs.1000
CRs.960
DRs.900
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Answer is : A. Rs.1200
Explanation:
If there is Loss then ,
\(\text{Cost Price} = \Big[ \frac{100}{(100 -Loss\%)}\Big] \times \text{Selling Price}\)
CP of chair = \(\frac{100}{(100-25)}\times720\)
= \(\frac{100}{75}\times 720\)\(\)
= \(Rs. 960\)
To gain 25%,
\(\text{Selling Price} = \Big[\frac{(100 +Gain \%) }{ 100}\Big] \times \text{Cost Price}\)
\(\text{Selling Price} = \Big[\frac{(100 + 25)}{100}\Big]\times 960\)
\(=\frac{125}{100}\times 960\)
\(= Rs. 1200\)
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