Question

Savita sold an item for 6,500 and incurred a loss of 20%. At what price should she have sold the item to have gained a profit of 20%?

A) 10,375 B) 9,750 C) 8,125 D) Cannot be determined

Answer 1

Answer:

Rs. 9750

Step-by-step explanation:

let the original amount be

since

she lost 20 %on the sale.

original price = (100-20)% = 80 %

80/100% *x = 6500

4x/5 = 6500

4x = (6500 x 5)

x = (6500 x 5)/4

x = 8125

now, 20% of original amount = 20/100 x 8125 = 1625

Amount to be sold with 20% profit = (8125+1625)

= Rs. 9750..