Anurag sold a refrigerator for ₹28000, at a loss of 30%. If he wanted to earn a profit of 25%, at what price should he have sold the refrigerator?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs. 50,000.
Anurag sold a refrigerator for ₹28000, at a loss of 30%
⇒ 70% = 28000
If he wanted to earn a profit of 25%
Solve it by the unitary method
⇒ 70% = 28000 × (100 + 25)%
⇒ 28000 × 125%/70%
⇒ 400 × 125 = ₹50000