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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%?
- ARs.204
- BRs.250
- CRs.280
- DRs.320
Answer not set
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CCommunity
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
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