Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man sold an item for Rs 33750 and incurred a loss of 25%. At what price should he sell the item to have a profit of 25%?

Options:

Rs 45000

Rs 52450

Rs 40850

Rs 56250

Correct Answer:

Rs 56250

Explanation:

When there is a loss of 25% while selling an item for Rs 33750,

Cost price = Selling price x $\frac{100}{75}$

                = 33750 x  $\frac{100}{75}$

                = 45000

To have a profit of 25%, selling price = 45000 x  $\frac{125}{100}$  

                                                       = Rs 56250