Question

 Vikram sold a watch for 7500 rs. incurred a loss of 25%, at what price should he sold the watch to get a profit  of 45%  

1. 16853
2. 14500
3. 10630
4. 18935
5. 10785

Answer 1

Correct Answer - Option 2 : 14500

  Given 

Vikram sold a watch = 7500 Rs.

Formula used  :           

cost price = Selling price ×  100/(100 - loss)

Selling price = cost price × (100 + profit)/100

Calculation 

cost price = 7500 ×  [100/(100 - 25)]

⇒ 7500 × (10/75) = 10,000 

so, C.P = Rs. 10,000

S.P. = 10000 × [(100 + 45)/100]

⇒ 10000 × (145/100) = 14500

∴ The required answer is 14500