Q:
Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?
Answer & Explanation
Answer: A) Rs. 11750
Explanation: From the given data,
The cost price of the article = 5640 x 100/60 = Rs. 9400
The selling price of the article to gain 25% profit = 9400 x 125/100 = Rs. 11750.
View Answer
Report Error
Discuss