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Ram sold a table for Rs. 220 and thus lost 12%. At what price he should have sold it to gain 12%?1). Rs.2042). Rs.2503). Rs.2804). Rs.320 |
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Answer» Let the cost PRICE be ‘c’. Given, Ram SOLD a table for Rs. 220 and THUS lost 12%. ∴ c – 12% of c = 220 ⇒ 0.88c = 220 ⇒ c = Rs. 250 Now, in ORDER to gain 12%, selling price = 250 + 12% of 250 ⇒ Selling price = 250 × 1.12 = Rs. 280 |
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