Question

By selling a chair for Rs. 500, Raman loses 10%. For how much should he sell the chair so as to gain 8%. ​

Answer 1

Explanation:

Selling price = ₹ 500

Loss percent = 10 %

`Cost \ price = (100)/(100-loss)*Selling \ price\\\\=(100)/(90)*500\\`

= ₹ 555.56

Gain = 8 %

`Selling \ price =(100+gain)/(100)*cost \ price\\\\=(108)/(100)*555.56`

= ₹ 600