An article is sold for ₹1725 at 15% profit. If it is sold at 15% loss, then what will be the selling price?
Answer & explanation
Correct answer: option 1
Selling price = Rs. 1725, Profit = 15%
⇒ Selling price = cost price × (100 + profit)%
⇒ 1725 = cost price × 115%
⇒ Cost price = 1500
⇒ If loss = 15%
⇒ Selling price = cost price × (100 – loss)%
⇒ Selling price = 1500 × 85%
⇒ Selling price = Rs. 1275