If someone sells an item at a cost of Rs. 1,200/- with a loss of 25%, at what cost she/he should have…
A sale at 1200 rupees with a 25 percent loss means 1200 is 75 percent of the cost price, so the cost price is \(\frac{1200}{0.75} = 1600\) rupees. To gain 30 percent the…
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If someone sells an item at a cost of Rs. 1,200/- with a loss of 25%, at what cost she/he should have sold it to get a profit of 30%?
Answer and explanation
Correct answer C
A sale at 1200 rupees with a 25 percent loss means 1200 is 75 percent of the cost price, so the cost price is rupees. To gain 30 percent the selling price must be . This gives 2080 rupees.
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