The profit earned by selling an article for ₹1038 is equal to the loss incurred by selling the same article for ₹762. To gain 25%, the same article should be sold for
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. ₹1125.
Let the Cost Price (CP) be ₹x
Profit = 1038 - x
Loss = x - 762
Equal,
1038 − x = x − 762
1038 + 762 = 2x
1800 = 2x
x = 900
So, Cost Price = ₹900
To gain 25%, Selling Price (SP) should be:
SP = 900 + 25% of 900 = 900 × 1.25 = ₹1125