Question

by selling a chair for rs420 a dealer suffered a loss of 16 percent.at what price should he sell it to gain 20 percent

Answer 1

Answer:

Rs.600

Step-by-step explanation:

i)SP of a chair=Rs.420

Loss%=16%

CP=(SP×100)/(100-l%)

=(420×100)/(100-16)

=42000/84

CP=Rs.500

ii)CP of a chair=Rs.500

Gain%=20%

SP={CP×(100+g%)}/100

={500×(100+20)}/100

=(500×120)/100

=60000/100

SP=Rs.600