Question

In a question paper it was given that an article was sold for some amount at a gain of 25% and the examinees were asked to find out the total profit. Mondira calculated it from the selling price insted of cost price and wrongly found the profit 1250.What should be the correct answer of the question?​

Answer 1

profit = profit/c.p.x100

Answer 2

Gain=25%
Selling price=Rs1250
CP= 100/(100+25%(gain percent) )x 1250(SP)
=Rs1000
Profit or Gain = SP-CP
1250-1000=Rs250