A radio dealer sold radio at a loss of 2.5%. Had he sold

Home » Aptitude » Profit and Loss » Question

A radio dealer sold radio at a loss of 2.5%. Had he sold it for Rs. 100 more, he would have gained 7¹/₂ %. In order to gain 12¹/₂ % he should sell it for ?

1. Rs. 850
2. Rs. 925
3. Rs. 1080
4. Rs. 1125

Correct Option: D

It is clear that (2.5% of C.P. + 7.5% of C.P.) = 100
∴ C.P. = Rs. 1000
Now, gain = 12¹/₂
So, Required S.P. = 112¹/₂% of C.P.
= Rs. (225 / 200) x 1000
= Rs. 1125