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Ramesh sold a phone at a loss of 5% . Ha...

Ramesh sold a phone at a loss of `5%` . Had he sold it for Rs. 200 more, he would gave gained `15%` . To gain `25%` he shoud sell it for :
` A : Rs. 1175 `
B.Rs 1150
C . Rs 1225
D Rs .1250

A

B

B

A

C

C

D

D

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote the cost price of the phone as \( CP \). ### Step 1: Understand the Loss and Gain Ramesh sold the phone at a loss of 5%. This means: \[ SP_1 = CP - 0.05 \times CP = 0.95 \times CP \] ### Step 2: Selling Price for 15% Gain If he had sold it for Rs. 200 more, he would have gained 15%. Therefore: \[ SP_2 = SP_1 + 200 = CP + 0.15 \times CP = 1.15 \times CP \] ### Step 3: Set Up the Equation From the above two equations, we can set up the following equation: \[ 0.95 \times CP + 200 = 1.15 \times CP \] ### Step 4: Solve for Cost Price (CP) Rearranging the equation: \[ 200 = 1.15 \times CP - 0.95 \times CP \] \[ 200 = (1.15 - 0.95) \times CP \] \[ 200 = 0.20 \times CP \] \[ CP = \frac{200}{0.20} = 1000 \] ### Step 5: Calculate Selling Price for 25% Gain To find the selling price for a 25% gain, we use the formula: \[ SP = CP + 0.25 \times CP = 1.25 \times CP \] Substituting the value of \( CP \): \[ SP = 1.25 \times 1000 = 1250 \] ### Conclusion Thus, to gain 25%, Ramesh should sell the phone for Rs. 1250. ### Answer The correct option is D: Rs. 1250. ---
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