Raju sold 4 laptops at a rate of ₹1,54,005 all together and incurred a loss of 25%. At what rate should he sell the laptops to gain a profit of 25%?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 2,56,675.
If he incurred a 25% loss, then:
SP = 75% of CP = 0.75⋅CP
1,54,005 = 0.75 ⋅ CP ⇒ CP = 1,54,005/0.75 = 2,05,340
SP (for 25% profit) = 1.25 CP = 1.25 × 2,05,340 = 2,56,675