An article is sold for Rs. 3000 at a loss of 25 percent. What should be the…
2021
An article is sold for Rs. 3000 at a loss of 25 percent. What should be the selling price to gain 15 percent?
Answer: B. 4600 — Solution: Find the cost price and then compute the required selling price for a 15% gain. Step 1: Find the cost price (CP). A 25% loss means the selling price…
- A.
4400
- B.
4600
- C.
5000
- D.
4100
Attempted by 183 students.
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Correct answer: B
Solution: Find the cost price and then compute the required selling price for a 15% gain.
Step 1: Find the cost price (CP). A 25% loss means the selling price is 75% of CP, so 3000 = 0.75 × CP. Therefore CP = 3000 ÷ 0.75 = 4000.
Step 2: Find the selling price for a 15% gain. Required SP = CP × 1.15 = 4000 × 1.15 = 4600.
Answer: Rs. 4600.
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