When an article is sold for ₹291, there is a loss of 3%. What will be the selling price of the article, if it is sold at a gain of 8%?
let us call full price is x
The profit or loss is always to be calculated on cost price
Since he sells for a 3% loss he sells for 97% of his full price at ₹291
$$\frac{97}{100}×x$$=291
x=$$\frac{291×100}{97}$$
Since he wants to sell for a profit of 8% he wants to sell at 108% of full price is=$$\frac{108}{100}×x$$
Substitute x value in the above equation
=$$\frac{108×291×100}{100×97}$$
By solving the above equation we get
x=₹324
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