Question

Given that Bansi sells a rickshaw for 9240, losing 12% in the process, for how much should he sell it to gain 12%?

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

Answer 1

To find the selling price at a 12% gain, divide the given selling price by 0.92.

Step-by-step explanation:

To find the selling price at a 12% gain, we need to consider the original selling price and the 12% gain. Let's assume the selling price to gain 12% is 'x'. We can set up the equation:

92% of the original selling price = x

0.92(original selling price) = x

Now, we can solve for the original selling price by dividing x by 0.92:

Original selling price = x / 0.92

Using the given selling price, we can substitute the value:

Original selling price = 9240 / 0.92 = 10050

Therefore, Bansi should sell the rickshaw for $10,050 to gain 12%.