Kishore had a loss of 20% on selling an article for Rs. 7160. At which price article should be sold to make a profit of 25%?
Answer & explanation
Correct answer: option 2
Loss of 20% Profit of 25%
80% of CP = 7160 SP = 125% of CP
100% of CP = \(\frac{7160}{80}\) × 100 = \(\frac{125 × 8950}{100}\)
CP = 8950 = 11187.5