On selling an article for rupees 800, a person loses 20% of its selling price. At what price should be sell it to gain 25% on its cost price?Options1,2001,1521,2801,250
Question
On selling an article for rupees 800, a person loses 20% of its selling price. At what price should be sell it to gain 25% on its cost price?Options1,2001,1521,2801,250
Solution
The problem states that the person sells an article for 800 rupees and incurs a loss of 20% on its selling price. This means that the selling price of 800 rupees is 80% of the cost price.
Step 1: Let's find the cost price first. If 80% of the cost price is 800 rupees, then the cost price (100%) can be calculated as follows:
800 / 80 * 100 = 1,000 rupees
So, the cost price of the article is 1,000 rupees.
Step 2: Now, the person wants to gain 25% on the cost price. So, the new selling price should be:
1,000 + 25% of 1,000 = 1,000 + 250 = 1,250 rupees
Therefore, to gain a profit of 25% on the cost price, the person should sell the article for 1,250 rupees. So, the correct option is 1,250.
Similar Questions
A man sold an article for Rs 6800 and incurred a loss. Had he sold the article for Rs7850, his gain would have been equal to half of the amount of loss that he incurred. At what price should he sell the article to have 20% profit?Options4,7509,0008,2507,500
A person sold an article for 30% profit, If he had Bought it for 10% less he would have reduced price by Rs.330 and earns a profit of 20%. What is the cost price of an Article?Options14001600155017001500
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?1)Rs. 20002)Rs. 22003)Rs. 24004)Data inadequate
A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?Options150250300200
A person sold an article at Rs.1840 and profit incurred will be 12.5% more than and the loss incurred when article is sold at Rs.1500. At what price it should sell to get 20% profitQuestion 17Answera.1997b.1994c.1992d.1995
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.