If a vendor sells a coconut at Rs 14.4 he makes 10% loss. If he wants to make 25% profit, then at what price (in Rs) should he sell the coconut?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 20
SP = 14.4
Loss % = 10%
0.9 × CP = 14.4
⇒ CP = 14.4/0.9 = 16
Required profit = 25%
So,
SP = 1.25 × 16 = Rs. 20