Question 23

Mehul sold an item for Rs. 5.025 and incurred a loss of 25% At what price should he have sold the item to have gained a profit of 25% ?

Solution

Mehul Selling Price = Rs.5.025
Loss = 25%
Using S.P=C.P(1-(loss/100)) ,
We get S.P = 0.75C.P
=> C.P = Rs.6.7

Now again,
S.P=C.P(1+(profit/100))
Profit=25 % and C.P.=6.7
We get S.P = 1.25*6.7
S.P=Rs. 8.375

Option A is the right answer.

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