Question

Ramesh sold a statue for a price 25% higher than the original price of the statue.he had however bought the statue at 20% discount on the original price.with the profit of rs 2025.find the original price of the statue

Answer 1

Answer:

Rs 4900

Step-by-step explanation:

Let the original price =x

SP 1.25x cost =.8

Profit =1.25x-.8x=2025

.45x=2025

X=2025*100/45= ₹4900

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Answer 2

The original price of the statue will be Rs.4500

Step-by-step explanation:

Given:

Profit on buying the statue= Rs 2025,

20% discount received by Ramesh on the original price,

the selling price of the statue by Ramesh= 25% higher than the original price

To find:

original price of the statue

Solution:

Let's assume the original price is Rs.x

Now, according to the given

Selling price of the statue= 25%+ x

Cost price of the statue = x-20%

Profit on receiving the discount= 2025

As we know, Profit= selling price-cost price

∴ 2025=(25%+x)- (x-20%)

∴ 2025=(25/100+x)- (x-20/100)

∴ 2025= (125x/100)-(80x/100)

∴ 2025= (125x-80x/100)

∴ 2025= 45x/100

∴ 2025 X 100= 45x

202500=45x

∴ x= 202500/45

∴ x= 4500

Thus, the original price of the statue is Rs.4500

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