Multiple choice

On selling an article for Rs. 950 a man incurred a loss of 5%. At what price should he sell the article to gain 25%?

  1. Rs. 1160

  2. Rs. 1050

  3. Rs. 1150

  4. Rs. 1260

  5. Rs. 1250
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

S.P. = Rs. 1000. Loss = 5%. On calculating we find, C.P. = {(100 x 950) / (100-5)} = Rs 1000. Now we have, C.P. = Rs 1000, P% = 25. Hence on calculating, S.P. comes out to be = Rs. 1250

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