Question

By selling a rickshaw for 9240, Bansi loses 12%. For how much should he sell it to gain 12%?

A) 10368
B) 11628
C) 10386
D) 10320

Answer 1

To gain 12%, the selling price should be 11628.

According to the given information, Bansi sells the rickshaw for 9240 and incurs a loss of 12%.

Substituting the given values, we get:

12 = (9240 - CP) / CP * 100

Solving for CP, we get:

CP = 10500

Let the cost price of the rickshaw be x.

Then, 0.88x = 9240

x = 10500

To gain 12%, the selling price should be 1.12x = 11628.

So the answer is B) 11628