1.

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

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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