By selling a guitar for ₹846, Rakhi loses 6%. For how much should Rima sell it to gain 8%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹972
CP = SP × 100/(100 - Loss %)
CP = 846 × 100/94 = 900
SP = CP × (100 + profit %)/100
SP = 900 × 108/100 = Rs 972