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Question 76
Suhas sold an item for Rs 7500 and incurred a loss of 25%. At what price should he have sold the item to have gained a profit of 25% ?
Solution
The selling price of the item is 7500 and the loss is 25%.
Let the cost price be C.
So, $$\frac{C-7500}{C} = \frac{25}{100}$$
Hence, C = 10,000. To make a profit of 25%, the selling price should be 125% * 10000 = Rs. 12500
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