Question

Question 98

On selling a chair of Rs. 736, a shopkeeper suffers a loss of 8%. At what price should he sell it, so as to gain 8%?

Answer 1

Let the cost price of a chair = Rs. x
The selling price of a chair = Rs. 736
At selling a shopkeeper suffers 8% loss.
According to the question,
x - x $\times \frac{8}{100}=736\Rightarrow \frac{92x}{100}=736\Rightarrow x=\frac{73600}{92}=Rs.800$
To gain 8% profit the price should be = $800+\frac{8}{100}\times 800=800+64$ = Rs. 864