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Pavan sold an item at a loss of 12.5%. I...

Pavan sold an item at a loss of 12.5%. If he could have sold it for Rs. 56 more, he would have made a profit of 22.5%. What should be the selling price of the item to make a profit of 25% ?

A

Rs. 200

B

Rs. 185

C

Rs. 182

D

Rs. 190

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first determine the cost price (CP) of the item and then calculate the selling price (SP) for a profit of 25%. ### Step 1: Understanding the Loss and Profit Situation Pavan sold an item at a loss of 12.5%. This means: - Selling Price (SP) at a loss = CP - (12.5% of CP) - SP = CP - (0.125 * CP) = 0.875 * CP If he sold it for Rs. 56 more, he would have made a profit of 22.5%. This means: - New Selling Price (SP) = CP + (22.5% of CP) - SP = CP + (0.225 * CP) = 1.225 * CP ### Step 2: Setting Up the Equation According to the problem, the difference between the new selling price and the original selling price is Rs. 56: \[ 1.225 \cdot CP - 0.875 \cdot CP = 56 \] ### Step 3: Simplifying the Equation Now, simplify the left side: \[ (1.225 - 0.875) \cdot CP = 56 \] \[ 0.35 \cdot CP = 56 \] ### Step 4: Finding the Cost Price (CP) Now, solve for CP: \[ CP = \frac{56}{0.35} \] \[ CP = 160 \] ### Step 5: Calculating Selling Price for 25% Profit To find the selling price for a 25% profit: - Selling Price (SP) = CP + (25% of CP) - SP = CP + (0.25 * CP) = 1.25 * CP Now substitute the value of CP: \[ SP = 1.25 \cdot 160 \] \[ SP = 200 \] ### Final Answer The selling price of the item to make a profit of 25% is Rs. 200. ---
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