By selling a chair for $372, Daisy loses 7%. At what price must she sell it to gain 10%.

Mathematics

1 answer:

serious [3.7K]2 years ago

5 0

Answer: $440

Step-by-step explanation:

Given selling price = $ 372

Loss % = 7%

We know, cost price = selling price × 100/100 - loss%

Therefore, cost price = 372 × 100/100 - 7

= 372 × 100/93

= $400

Now cost price = $400

Gain% = 10%

Therefore, selling price = (100 + gain%)cost price/100

= (100 + 10)400/100

= 110 × 4

= $440

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