Multiple choice

Selling price of a glass is Rs. 1,965 and loss percent is 25%. If its selling price is Rs. 3,013, then what will be profit percent?

  1. 13%

  2. 10.40%

  3. 15%

  4. 20%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = SP / (1 - loss%) = 1965 / 0.75 = 2620. New SP = 3013. Profit = 3013 - 2620 = 393. Profit % = (393 / 2620) * 100 = 15%.

AI explanation

Using the formula Cost Price = Selling Price * (100 / (100 - Loss%)), the cost price of the glass is 1965 * (100 / 75) = 1965 * (4 / 3) = Rs. 2620. When the selling price is Rs. 3013, the profit is 3013 - 2620 = Rs. 393. Applying the profit percentage formula, (393 / 2620) * 100 equals 15%.

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