New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A shopkeeper sold a jacket for Rs. 3500 at a loss of

    30%. At what price should he have sold the jacket, to earn a profit of 25%?
    A Rs.6750 Correct Answer Incorrect Answer
    B Rs.6500 Correct Answer Incorrect Answer
    C Rs.6250 Correct Answer Incorrect Answer
    D Rs.5750 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let CP = Rs. x => SP = (100-30)%×x => 3500 = (70/100)×x => x = 5000 CP = Rs. 5000 Profit = 5000×(25/100) = Rs.1250 SP = CP + Profit SP = 5000 + 1250 = Rs.6250

    Practice Next