Practicing Success
A man purchased a cell phone for ₹24,500 and sold it at a gain of 12.5% calculated on the selling price. The selling price of the cell phone was: |
₹25,000 ₹28,000 ₹27,500 ₹25,500 |
₹28,000 |
CP of the phone = Rs. 24500 Gain on SP = 12.5% Let the SP = 100 So, profit = 100 × 12.5% = 12.5 So, CP = 100 - 12.5 = CP = 87.5 Now, 87.5 units = 24500 1 = \(\frac{24500}{87.5}\) 1 = 280 100 = 100 × 280 = 28000 So, SP = 28000 |