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Question 48
When an article is sold for ₹355, there is a loss of 29%. To gain 21%,it should be sold for ₹:
Solution
Selling price = 355
Loss = 29%
Cost price = $$\frac{355}{100 - 29} \times 100 = \frac{355}{71} \times$$ 100 = Rs.500
For 21% gain,
Selling price = 500 $$\times \frac{121}{100}$$ = Rs.605
$$\therefore$$ The correct answer is option Rs.605.
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