## by selling a chair for Rs 420 a dealer suffered a loss of 16% . At what price should he sell it to gain 20%?

Question

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## Answers ( )

Answer:Hence, at Rs. 600 should he sell the chair to gain 20%.Step-by-step explanation:Given that,

Selling Price(S.P.) of a chair = Rs.420

Loss% = 16%

Therefore,

Cost Price(C.P.) = (S.P. × 100) / (100 – loss%).

= (420 × 100) / (100 – 16)

= 42000 / 84

C.P. = Rs.500

Now,

C.P. of the chair = Rs.500

Gain% = 20%

S.P. = {C.P. × (100 + g%)} / 100

={500 × (100 + 20)} / 100

=(500 × 120) / 100

= 60000 / 100

S.P. = Rs.600

Hence, at Rs. 600 should he sell the chair to gain 20%._________________________//Hope this will Helped you////Please Mark it as Brainliest//