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      Question

      A shopkeeper sold a jacket for Rs. 2500 at a loss of

      20%. At what price should he have sold the jacket, to earn a profit of 20%?
      A Rs.3750 Correct Answer Incorrect Answer
      B Rs.3900 Correct Answer Incorrect Answer
      C Rs.4550 Correct Answer Incorrect Answer
      D Rs.5200 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let CP = Rs. x => SP = (100-20)% × x => 2500 = (80/100) × x => x = 3125 CP = Rs. 3125 Profit = 3125 × (20/100) = Rs.625 SP = CP + Profit SP = 3125 + 625 = Rs.3750

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