Question

A dealer sold a TV set a loss of 20%. Had he sold it for Rs. 9000 more, he would have gained 25%. For what value should he sell the TV in order to gain 30%?

1. Rs. 25000
2. Rs. 26000
3. Rs. 27000
4. Rs. 30000

Answer 1

Correct Answer - Option 2 : Rs. 26000

GIVEN:

A dealer sold a TV set a loss of 20%. Had he sold it for Rs. 9000 more, he would have

gained 25%.

CONCEPT:
Basic concept of Profit and Loss.

FORMULA USED:

SP = CP × [1 + profit]/100

CALCULATION:

Given Value of [25 – (– 20)] i.e. 45% of TV = 9000

∴ For getting 30% profit, selling price should be = 9000/45 × 130 = Rs. 26000