Question

A table was sold for rs 285 at a loss of 5%. What must be the selling price to gain 26 %?

Answer 1

----------------------------------------

Here is the solution:

----------------------------------------

Find the Percentage of the Selling Price:

100 - 5 = 95%

Find the Cost Price:

Selling Price = 95%

Selling Price = Rs 285

95% = Rs 285

1% = 285 ÷ 95 = Rs 3

100% = 3 x 100 = Rs 300

Find the new Selling Price:

Gain = 26% x 300 = 0.26 x 300 = Rs 78

New Selling Price = 300 + 78 = Rs 378

Answer: The new selling price is Rs 378

Answer 2

Given

selling price = Rs 285

loss % = 5 %

finding cost price

cost price = 100 / 100 - loss x sp

cost price = 100 / 100 - 5 x 285

= 100 / 95 x 285

= 300 .

Cost price = 300.

Finding selling price

Given

gain % = 26 %

cost price is 300

= 300 x 26/100 = 78

= 300 + 78

= 378.

$\bold{Answer: \: New \: Selling \: price \: is \: Rs \: 378}$