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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% ?
- ARs 13800
- BRs 12500
- CRs 11200
- DCannot be determined
Answer not set
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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
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