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If a man were to sell his chair for $ 720, he would lose 25%. To gain 25% he should sell it for
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- $ 1,200
- $ 1,000
- $ 960
- $ 900
Correct Option: A
Given that , SP of chair = $ 720
For 25% loss ,
| CP of chair = | × 720 = $ 960 | 75 |
| To gain 25% , SP = | × 960 = $ 1200 | 100 |
We can find required answer with the help of given formula :
| C.P. = S.P. |  |  | ||||
| 100 - Loss% |
| C.P. = | 100 - 25 |
| C.P. = | = Rs. 960 | 75 |
| New S.P. = C.P. | | | ||||
| 100 |
| New S.P. = | = Rs. 1200 | 100 |
