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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:

A. Rs. 1,200 B. Rs. 1,000 C. Rs. 960 D. Rs. 900 Answer: Option A
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Solution(By Apex Team)

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 Short-cut CP of chair = $\frac{100}{75}$ × 720 = Rs. 960 To gain 25%, SP = $\frac{125}{100}$ × 960 = Rs. 1200

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