Practicing Success
Shaloo sold a mobile phone for ₹1,950 at a loss of 25%. At what price should she have sold it to get a profit of 30% ? |
₹3,380 ₹3,280 ₹3,180 ₹3,080 |
₹3,380 |
SP of mobile phone = Rs. 1950 Loss = 25% CP = (100 × SP)/(100 – L%) SP = [CP × (100 + P%)]/100 Here, SP, CP, P and L are selling price, cost price, profit and loss respectively CP = (100 × SP)/(100 – L%) ⇒ (100 × 1950)/(100 – 25) ⇒ 2600 Now, SP = [CP × (100 + P%)]/100 ⇒ [2600 × (100 + 30)]/100 = 3380 |