Multiple choice

A chair costing Rs. 972 was sold by Rohan at a gain of 8% to Karan and it was again sold by Karan at a loss of 6%. At what price did Karan sell the chair?

  1. Rs. 976.78

  2. Rs. 997.78

  3. Rs. 986.78

  4. Rs. 995.78

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Price after 8% gain = 972 * 1.08 = 1049.76. Price after 6% loss = 1049.76 * 0.94 = 986.7744. Rounding gives 986.78.

AI explanation

Karan bought the chair at an 8 percent gain on the original cost price of Rs. 972, so his cost price was 972 multiplied by 1.08, which is Rs. 1049.76. Karan then sold the chair at a 6 percent loss, using the formula selling price equals cost price multiplied by 0.94. The final selling price is 1049.76 multiplied by 0.94, which is Rs. 986.77.

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