Question

A man buys a radio for Rs. $600$ and sells it at a gain of $25\%$. He sold the radio for __________.

• A. Rs. $700$
• B. RS. $750$
• C. Rs. $900$
• D. Rs. $1000$

Answer 1

The correct option is B RS. $750$

given that

Selling price $=SP=?$

cost price $=CP=Rs.600$

Gain $=25\%$ given

Gain $\%=\frac{SP-CP}{CP}\times 100\%$

given that

Gain $\%=25\%=\frac{SP-600}{600}\times 100\%$

$\Rightarrow 600=4SP-2400$

$\Rightarrow 4SP=3000$

$\Rightarrow SP=Rs.750$