If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for: - IQ786

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If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for:

If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for:

Rs. 1,200

Rs. 1,000

Rs. 960

Rs. 900

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