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% ?
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
Create a FREE account and get:
Day-wise Structured & Planned Preparation Guide
By proceeding you agree to create your account
Free CAT Schedule PDF will be sent to your email address soon !!!
