8
Question
Ken sold a Bluetooth speaker for ₹2500. If he made a profit of 25%, what was the cost price of the speaker?
Ken sold a Bluetooth speaker for ₹2500. If he made a profit of 25%, what was the cost price of the speaker?
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Solution
The correct option is D ₹2000
Given,
Selling Price = ₹2500, Profit Percent = 25%
So, Selling Price = Cost Price + 25% of Cost Price
=> Selling Price = 125 % of Cost Price
=> 2500 = 1.25 × Cost Price
Hence, Cost Price = ₹2000
Given,
Selling Price = ₹2500, Profit Percent = 25%
So, Selling Price = Cost Price + 25% of Cost Price
=> Selling Price = 125 % of Cost Price
=> 2500 = 1.25 × Cost Price
Hence, Cost Price = ₹2000
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