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By selling a T-shirt for Rs. 648, a shop...

By selling a T-shirt for Rs. 648, a shopkeeper loses 4%. For how much should he sell it to gain 4%

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To solve the problem step by step, we will first find the cost price (CP) of the T-shirt using the information given about the selling price (SP) and the loss percentage. Then, we will calculate the new selling price required to achieve a gain of 4%. ### Step 1: Calculate the Cost Price (CP) We know that the shopkeeper sold the T-shirt for Rs. 648 and incurred a loss of 4%. The formula to calculate the cost price when there is a loss is: \[ CP = \frac{100}{100 - \text{Loss \%}} \times SP \] Substituting the values: \[ CP = \frac{100}{100 - 4} \times 648 \] \[ CP = \frac{100}{96} \times 648 \] Now, we will calculate this: \[ CP = \frac{100 \times 648}{96} \] \[ CP = \frac{64800}{96} \] \[ CP = 675 \] ### Step 2: Calculate the New Selling Price for a Gain of 4% Now that we have the cost price (CP = Rs. 675), we need to find the selling price (SP) that would give a gain of 4%. The formula to calculate the selling price when there is a gain is: \[ SP = \frac{100 + \text{Gain \%}}{100} \times CP \] Substituting the values: \[ SP = \frac{100 + 4}{100} \times 675 \] \[ SP = \frac{104}{100} \times 675 \] Now, we will calculate this: \[ SP = 1.04 \times 675 \] \[ SP = 702 \] ### Final Answer The shopkeeper should sell the T-shirt for Rs. 702 to gain 4%. ---
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