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Discussion :: Profit and Loss

  1. By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?
    2. A.
    Rs.600
    B.
    Rs.480
    C.
    Rs.500
    D.
    Rs.450

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    Answer : Option B

    Explanation :

    SP = 800
    Profit = 25%
    CP = (SP)*[100/(100+P)]
    = 800 * [100/125]
    = 640
    Loss = 25% = 25% of 640 = Rs.160
    SP = CP - Loss = 640 - 160 = Rs.480

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