Question

Varun lost 20% by selling a T.V. set Rs. 8000. What percent will he gain by selling it at Rs. 8500?

• A. 10
• B. 15
• C. 12
• D. 13.7

Answer 1

Answer: (B)

15

Let assume the cost price = cp

sp = 8000

loss $=20=\frac{cp-8000}{cp}\times 100$

$cp-5cp-40000$

$4cp=40000$

$cp=10000$ Rs

So $\frac{10000-8500}{10000}\times 100$

$=\frac{1500}{10000}\times 100$

$=15\%$