IBPS BANK EXAM TEST 1 - IBPS BANK EXAM Questions and Answers

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Kiran sold an item for Rs.8160 and incurred a loss of 15%. At what price should she have sold the item to have gained a profit of 25% ?

Rs. 12200

Rs. 12300

Rs. 13000

Cannot be determined

None of these

Answer : Option E

Explanation :

C.P of item = (100 / (100 - loss%) )* S.P

= 100/85 * 8160 = RS. 9600

= S.P of earn 25% of profit.

= 125/100 * 9600 = Rs.12000

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