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Raju sold an item for Rs 6,000/- at a lo...

Raju sold an item for Rs 6,000/- at a loss of 25%. At what cost would he have purchased that item?

A

Rs 7500

B

Rs. 7200

C

Rs. 8000

D

Rs. 8500

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the item that Raju sold for Rs. 6,000 at a loss of 25%, we can follow these steps: ### Step 1: Understand the relationship between cost price, selling price, and loss percentage. Let the cost price (CP) of the item be denoted as \( X \). A loss of 25% means that Raju sold the item for 75% of its cost price (since 100% - 25% = 75%). ### Step 2: Write the equation for the selling price. The selling price (SP) can be expressed as: \[ SP = CP - \text{Loss} \] Since the loss is 25% of the cost price, we can also express it as: \[ SP = CP - 0.25 \times CP = 0.75 \times CP \] Thus, we can write: \[ SP = 0.75X \] ### Step 3: Substitute the selling price into the equation. We know that Raju sold the item for Rs. 6,000, so we can set up the equation: \[ 0.75X = 6000 \] ### Step 4: Solve for the cost price (X). To find \( X \), we can rearrange the equation: \[ X = \frac{6000}{0.75} \] ### Step 5: Calculate the value of X. Now, performing the division: \[ X = 6000 \div 0.75 = 6000 \times \frac{100}{75} = 6000 \times \frac{4}{3} = 8000 \] ### Conclusion: The cost price of the item is Rs. 8,000.
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