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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