Q. 984.2( 5 Votes )
On selling a chair for Rs 736, a shopkeeper suffers a loss of 8%. At what price should he sell it so as to gain 8%?
Given that, selling price of chair = Rs.736,which led to loss of 8%.
Also, Loss = Cost price - Selling price
⇒ cost price = Rs.800
And, Gain = Selling price - Cost price
⇒ selling price so as to gain 8% = Gain + cost price
= 800 + 64
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