If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for:
Answer: Rs. 1,200
Explanation
Let the Cost price of the Chair is X.
SP = X - 25% of X
720 = 0.75X
X = 960
CP = Rs. 960
So, To gain 25%, SP would be
= 960 + 25% of 960 =Rs. 1200
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