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On selling a table for Rs.736, Amir suffers a loss of 8%. On what price should Amir sell the table so as to gain 8%?

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Rs.862

Rs.863

Rs.864

Rs.865

answer is C.

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Detailed Solution

From the given data, we have,
The selling price of a table = Rs.736.
Let the cost price of the table is

x .

Since Amir suffers a loss of 8% on selling the table for Rs.736, therefore we have,

Loss = 8100 × x = 8 x 100

Since, loss = Cost price – Selling price, therefore,
Cost price = Selling price + loss

⇒ x = 736 + 8 x 100 ⇒ x − 8 x 100 = 736 ⇒ x = 800

Therefore the selling price of the table = Rs.800.
Now, to gain a profit of 8%, the price of the table should be,

= R s . 800 + 8100 × 800 = R s . 800 + 64 = R s . 864

Thus, Amir should sell the table at the price of Rs.864 so as to gain 8%.
Hence, option (3) is correct.

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