Home
Class 14
MATHS
There would be 15% loss if a toy is sold...

There would be 15% loss if a toy is sold for Rs 25.50. At what price should it be sold to earn a profit of 25%?

A

33.5

B

35

C

37.5

D

36

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the reasoning laid out in the video transcript. ### Step 1: Understand the Problem We have a toy that incurs a 15% loss when sold for Rs 25.50. We need to find the selling price that would yield a 25% profit. ### Step 2: Define the Cost Price Let the cost price (CP) of the toy be represented as \( X \). ### Step 3: Calculate the Selling Price at 15% Loss If there is a 15% loss, the selling price (SP) can be expressed as: \[ SP = CP - \text{Loss} \] The loss can be calculated as: \[ \text{Loss} = 15\% \text{ of } CP = \frac{15}{100} \times X = \frac{3X}{20} \] Thus, the selling price becomes: \[ SP = X - \frac{3X}{20} \] To simplify this, we can find a common denominator: \[ SP = \frac{20X}{20} - \frac{3X}{20} = \frac{17X}{20} \] ### Step 4: Set Up the Equation According to the problem, when the toy is sold for Rs 25.50, this is equal to the selling price we calculated: \[ \frac{17X}{20} = 25.50 \] ### Step 5: Solve for Cost Price (X) To find \( X \), we can rearrange the equation: \[ 17X = 25.50 \times 20 \] Calculating the right side: \[ 17X = 510 \] Now, divide both sides by 17: \[ X = \frac{510}{17} = 30 \] So, the cost price of the toy is Rs 30. ### Step 6: Calculate Selling Price for 25% Profit To find the selling price for a 25% profit, we first calculate the profit: \[ \text{Profit} = 25\% \text{ of } CP = \frac{25}{100} \times 30 = 7.5 \] Now, the selling price for a 25% profit is: \[ SP = CP + \text{Profit} = 30 + 7.5 = 37.5 \] ### Final Answer The toy should be sold for Rs 37.5 to earn a profit of 25%. ---
Promotional Banner