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Ravi sold goods for ₹ 6250 and made a pr...

Ravi sold goods for ₹ 6250 and made a profit of 25% in the process. What would have been his profit percent if he had sold the same goods for ₹ 6000?

A

`10%`

B

`15%`

C

`20%`

D

`5%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Find the Cost Price (CP) Given that Ravi sold goods for ₹6250 and made a profit of 25%, we can use the formula for selling price (SP) in terms of cost price (CP) and profit percentage: \[ SP = CP + (Profit \% \times CP) \] This can be rewritten as: \[ SP = CP \times \left(1 + \frac{Profit \%}{100}\right) \] Substituting the values we have: \[ 6250 = CP \times \left(1 + \frac{25}{100}\right) \] This simplifies to: \[ 6250 = CP \times \left(1 + 0.25\right) = CP \times 1.25 \] Now, we can solve for CP: \[ CP = \frac{6250}{1.25} \] Calculating this gives: \[ CP = 5000 \] ### Step 2: Calculate the Profit when Selling Price is ₹6000 Now, if Ravi sells the goods for ₹6000, we need to find the profit: \[ Profit = SP - CP \] Substituting the values we have: \[ Profit = 6000 - 5000 = 1000 \] ### Step 3: Calculate the Profit Percentage To find the profit percentage when selling for ₹6000, we use the formula: \[ Profit\% = \left(\frac{Profit}{CP}\right) \times 100 \] Substituting the values: \[ Profit\% = \left(\frac{1000}{5000}\right) \times 100 \] Calculating this gives: \[ Profit\% = 0.2 \times 100 = 20\% \] ### Final Answer If Ravi had sold the goods for ₹6000, his profit percentage would have been **20%**. ---
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