A dealer sold a radio at a loss of 2.5%. Had he sold it for rs. 100 more, he would have gained 7.5%. To gain 12.5% he should sell it for
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Answer:
he should sell it for 1125
Step-by-step explanation:
- let cost price of radio be CP
- for 2.5 % loss selling price SP1 = CP - 2.5/100CP
- for 7.5 % gain selling price SP2 = CP + 7.5/100CP
- SP2-SP1 = 100
- 7.5/100CP + 2.5/100CP = 100
- CP = 1000
- for 12.5 % gain selling price = CP + 12.5/100CP=1125
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