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Question 189
Kiran sold an item for 28,160 and Incurred a loss of 15°4). At what price should she have sold the item to have Oiled a profit of 25% ?
Solution
Selling Price = Cost Price$$\times$$(1-$$\frac{\text{Loss percentage}}{100}$$)
28,160 = Cost Price$$\times$$(1-0.15)
28,160 = Cost Price$$\times$$(0.85)$$\approx$$33129
Selling Price for profit of 25% = Cost Price $$\times$$ (1+0.25) = 33129$$\times$$1.25 $$\approx$$ =41411
Hence Option E is the correct answer.
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