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%?
Answer & explanation
Correct answer: option 4
The selling price of the bike = 25000
Profit = 25%
Then the cost price of the bike = 25000 × \(\frac{100}{125}\) = 20000
If he had a loss of 15% then the selling price = 20000 × \(\frac{85}{100}\) = ₹ 17,000