Question 18
MediumOriginal questionSelling a pressure cooker for ₹720 gives a loss of 10%. What selling price would give a profit of 15%?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
CP = , that is ₹800.
SP for 15% profit = = ₹920.
Worth noting
Going straight from ₹720 by 25% gives ₹900. This is wrong: both percentages are on the CP, so find the CP first.
- Concept
- Changing from a loss to a profit through the CP
- Typical timeTypical
- 55 s
- Your timeYours
- —
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Ten questions from Profit, Loss & Discount, at your own pace.