New Enroll in RBI Grade B New Batch - Starts on May 21

    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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