If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for:
Select:
A) Rs. 1,200	B) Rs. 1,000	C) Rs. 960	D) Rs. 900	E) None
Solution: Let the Cost price of the Chair is X.   SP = X - 25% of X   720 = 0.75X   X = 960.   CP = Rs. 960.   So, To gain 25%, SP would be   = 960 + 25% of 960 =Rs. 1200.   Short-cut   CP of chair = (100/75)*720 = Rs. 960;   To gain 25%, SP = (125/100)*960 = Rs. 1200.   Rs. 1,200nswer: Option Rs. 1,200
<result>A</result>
If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for: