Raju sells an object at 20% below its cost price. If he sold it for 450 more, he would have made a profit of 25%. What is the original selling price of the object?
Answer & explanation
Correct answer: option 4
Direct concept =
Loss% given + Profit% given = More amount he will sold at
20% + 25%= 450
45% of CP = 450 Given
100% of CP = 1000
Original selling price = 1000 × \(\frac{4}{5}\) = 800