By selling a Jeans for $ 432, John loses 4%. For how much should John sell it to gain 6%?

Question

By selling a Jeans for $ 432, John loses 4%. For how much should John sell it to gain 6%?

A. $450

B. $440

C. $477

D. $483

Answer: C

Solution:

For the first transaction, we have:

=> 432 = C.P. (1-0.04)

=> 432 = C.P. * 0.96

=> C.P. = 432/0.96

For the second transaction, we have:

=> S.P. = C.P. (1+0.06)

=> S.P. = (432/0.96) * 1.06

=> S.P. = $477