If a diamond ring is sold for ₹5,94,320, then a woman will get a loss of 5%. At what price should she sell it so that her profit becomes 25%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs. 7,82,000.
If a diamond ring is sold for ₹5,94,320
loss = 5%
⇒ 95% = 594320
to earn a profit of 25%
⇒ (594320 × 125%)/95%
⇒ (594320 × 125)/95 = (594320 × 25)/19 = 31280 × 25 = 782000