Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?

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Solution

From the given data,
The cost price of the article $= 5640 \times \frac{100}{60} =$ Rs. $9400$
The selling price of the article to gain $25 %$ profit $= 9400 \times \frac{125}{100} =$ Rs. $11750.$

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Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?

From the given data,The cost price of the article =5640×10060= Rs. 9400The selling price of the article to gain 25% profit =9400×125100= Rs.11750.

From the given data,
The cost price of the article $= 5640 \times \frac{100}{60} =$ Rs. $9400$
The selling price of the article to gain $25 %$ profit $= 9400 \times \frac{125}{100} =$ Rs. $11750.$