Question

A shopkeeper sells an item for ₹1,500 at a profit of

Q: Answer-A shopkeeper sells an item for ₹1,500 at a profit of 20%. If he wants to earn a profit of 25%, what...

Let the cost price of the item be x. Selling price at 20 profit 1,500, so x 0.2x 1,500. 1.2x 1,500, so x 1,500 1.2 1,250. Now, if the shopkeeper wants a profit of 25, the selling price should be Selling price 1,250 0.25 1,250 1,250 312.5 1,562.5. Correct option b

20%. If he wants to earn a profit of 25%, what should be the selling price of the item?

A ₹1,525

B ₹1,562.5

C ₹1,600

D ₹1,627.5

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A shopkeeper sells an item for ₹1,500 at a profit of

Solution