By selling a chair for rs360 a man loss 10 % .at what price must he sell to gain 5%
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Selling Price = 360
Loss % = 10
Cost price = selling price x (100/loss)
= 360 x 100/90 = 400
To gain 5%, the chair must be sold for 400x(105/100)
= 420
Loss % = 10
Cost price = selling price x (100/loss)
= 360 x 100/90 = 400
To gain 5%, the chair must be sold for 400x(105/100)
= 420
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