Select the correct answerWhen an article is sold for Rs.355, there is a loss of 29%. To gain 21%, it should be sold for Rs?Options635580.8605629.2

To solve this problem, we first need to find the cost price of the article.

Given that when the article is sold for Rs. 355, there is a loss of 29%. This means that Rs. 355 is 71% of the cost price (because 100% - 29% = 71%).

So, we can set up the equation:

355 = 0.71 * Cost Price

To find the cost price, we divide both sides of the equation by 0.71:

Cost Price = 355 / 0.71 = Rs. 500

Now, to find the selling price for a gain of 21%, we calculate 21% of the cost price and add it to the cost price:

Selling Price = Cost Price + 21% of Cost Price Selling Price = 500 + 0.21 * 500 = Rs. 605

So, the article should be sold for Rs. 605 to gain a profit of 21%. Therefore, none of the options provided are correct.