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    • Question : If a man were to sell his handcart for Rs. 720, he would incur a loss of 25%. Determine the price at which he must sell it to gain 2 ...
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    Question :

    If a man were to sell his handcart for Rs. 720, he would incur a loss of 25%. Determine the price at which he must sell it to gain 25%.

    Option 1: Rs. 1200

    Option 2: Rs. 960

    Option 3: Rs. 1152

    Option 4: Rs. 768

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    Team Careers360 19th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 24th Jan, 2024

    Correct Answer: Rs. 1200


    Solution : The selling price (SP) = Rs. 720
    Loss % = 25%
    The cost price (CP) = $\frac{100}{100–\text{loss%}}$ × SP = $\frac{100}{75}×720$ = Rs. 960
    For 25% profit,
    SP = $\frac{100+\text{Profit%}}{100}$ × CP = $\frac{100+25}{100}×960$ = Rs. 1200
    Hence, the correct answer is Rs. 1200.

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