On selling a table fan at Rs.2,827.06, the value of gain is 14% more than the value of loss incurred on selling it at Rs.2,230. In order to gain 14%, the selling price will be:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs.2,860.26
Given that
On selling a table fan at Rs.2,827.06, the value of gain is 14% more than the value of
loss incurred on selling it at Rs.2,230
According to the question
2230 + loss = 2827.06 - 1.14 loss
1.14 loss + loss = 2827.06 - 2230
2.14 loss = 597.06
loss = 279
CP = 2230 + 279 = 2509
In order to gain 14%
SP = 2509 × 1.14 = 2860.26 Rs