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Select the correct answerIf a vendor sells a coconut at Rs.14.4 he makes 10% loss. If he wants to make 25% profit,then at what price (in Rs) should he sell?Options16201822

Question

Select the correct answerIf a vendor sells a coconut at Rs.14.4 he makes 10% loss. If he wants to make 25% profit,then at what price (in Rs) should he sell?Options16201822

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Solution

To solve this problem, we first need to find the cost price of the coconut.

Given that the vendor sells the coconut at Rs.14.4 and incurs a 10% loss, this means that Rs.14.4 represents 90% of the cost price (since 100% - 10% = 90%).

We can set up the equation:

14.4 = 0.9 * Cost Price

Solving for Cost Price gives us:

Cost Price = 14.4 / 0.9 = Rs.16

Now, if the vendor wants to make a 25% profit, he should sell the coconut at 125% of the cost price (since 100% + 25% = 125%).

So, the selling price should be:

Selling Price = 1.25 * Cost Price

Selling Price = 1.25 * 16 = Rs.20

So, the vendor should sell the coconut at Rs.20 to make a 25% profit. Therefore, the correct answer is 20.

This problem has been solved

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