Question

7. On selling an article for Rs. 576 a trader loses 4%. In
order to gain 4%, he must sell that article for :
1​

Answer 1

Step-by-step explanation:

On selling an article for Rs. 576 a trader loses 4%. In

order to gain 4%, he must sell that article for :

answer is 625

Answer 2

Concept

Cost price is the price at which goods have been purchased by the retailer.Selling price is the price that a customer pays the retailer to purchase the product.If Selling Price is greator than Cost Price it is called as profit or gain and if the Selling Price is lesser than Cost Price it is called as Loss.

Given

Selling Price of the article is Rs. 576

Find

To gain 4%, how much the trader must sell the article for

Solution

Let the cost price be Rs. y

Since the trader loses 4% on the aricle

So, the selling price of the article will be 96% of Cost price which is 576

96% of Cost Price =  (96/100) * y= 576

y = (576 * 100) / 96

y = 600

Cost price of the article is Rs. 600

To gain 4% on the article

4% of Cost Price = (4/100) * 600

= 2400/100

= Rs. 24

To Gain 4% , he must sell the article for 600 + 24 = Rs. 624  

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