Q98 of 96 Page 287

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%.

We know,



Also, Loss = Cost price - Selling price




⇒ cost price = Rs.800


Now,




And, Gain = Selling price - Cost price


⇒ selling price so as to gain 8% = Gain + cost price



= 800 + 64


= Rs.864


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