Q
If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25%, he should sell it for?
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A
A. 1200
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B
B. 1000
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C
C. 960
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D
D. 900
Correct Answer:
A. A. 1200
Explanation:
Find the New Selling Price (SP) for a 25% Profit:
New Selling Price = Cost Price × (1 + Profit Percentage)
New Selling Price = 960 × (1 + 0.25)
New Selling Price = 960 × 1.25
New Selling Price = Rs. 1200