Question 69
A man sold his bike for ₹ 25,000 at 25% profit. At what price would it he have sold if he had incurred a loss of 15%?
Solution
Let the cost price of bike = C
Profit% = 25%
$$\Rightarrow$$ Selling price of the bike = $$\frac{125}{100}$$C
Given, Selling price of the bike = ₹ 25,000
$$\Rightarrow$$ $$\frac{125}{100}$$C = 25000
$$\Rightarrow$$ C = 20000
Cost price of the bike = ₹ 20,000
Selling price of the bike at 15% loss = $$\frac{85}{100}\times20000$$ = ₹ 17,000
Hence, the correct answer is Option B
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