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On selling a bat for Rs954, a man gains 6%. What should be its selling price (in Rs) to gain 8%?
958
1,080
972
1,054
- The man sells a bat for Rs. 954 and earns a profit of 6%.
- To find the cost price (CP), use the formula: CP = Selling Price / (1 + Gain%).
- For 6% gain: CP = 954 / 1.06 = Rs. 900.
- To gain 8%, apply the formula: New Selling Price = CP × (1 + New Gain%).
- For 8% gain: New Selling Price = 900 × 1.08 = Rs. 972.
Option 1: Rs. 958
- Less than required selling price for 8% gain.
Option 2: Rs. 1,080
- More than required selling price for 8% gain.
Option 3: Rs. 972
- Correct selling price for 8% gain.
Option 4: Rs. 1,054
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