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Lavanya lost 20% by selling a mobile for...

Lavanya lost 20% by selling a mobile for Rs.3072. What per cent will she gain by it for Rs.4080?

A

0.06

B

`5.25%`

C

`6.25%`

D

`6.75%`

Text Solution

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The correct Answer is:
To solve the problem step by step, we will follow the method outlined in the video transcript. ### Step 1: Identify the Selling Price and Loss Percentage Lavanya sold the mobile for Rs. 3072 and incurred a loss of 20%. ### Step 2: Calculate the Cost Price (CP) To find the cost price when we know the selling price and the loss percentage, we can use the formula: \[ \text{Cost Price (CP)} = \frac{\text{Selling Price (SP)} \times 100}{100 - \text{Loss Percentage}} \] Substituting the values we have: \[ \text{CP} = \frac{3072 \times 100}{100 - 20} = \frac{3072 \times 100}{80} \] ### Step 3: Simplify the Calculation Now, we simplify the calculation: \[ \text{CP} = \frac{307200}{80} = 3840 \] So, the cost price of the mobile is Rs. 3840. ### Step 4: Calculate the New Selling Price Now, we want to find out the profit percentage if Lavanya sells the mobile for Rs. 4080. ### Step 5: Calculate the Profit Profit can be calculated as: \[ \text{Profit} = \text{New Selling Price} - \text{Cost Price} \] Substituting the values: \[ \text{Profit} = 4080 - 3840 = 240 \] ### Step 6: Calculate the Profit Percentage The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{Cost Price}} \times 100\right) \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{240}{3840} \times 100\right) \] ### Step 7: Simplify the Profit Percentage Calculation Now, simplifying the calculation: \[ \text{Profit Percentage} = \left(\frac{240 \times 100}{3840}\right) = \frac{24000}{3840} \] Now, dividing: \[ \text{Profit Percentage} = 6.25\% \] ### Conclusion The percentage gain when Lavanya sells the mobile for Rs. 4080 is **6.25%**. ---
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BHARDWAJ ACADEMY-PROBLEMS BASED ON ARITHMETIC -Chapter Exercise
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