Question : If a vendor sells a coconut for Rs. 14.4, he makes a 10% loss. If he wants to make a 25% profit, then at what price (in Rs.) should he sell?
Option 1: 18
Option 2: 20
Option 3: 16
Option 4: 22
Correct Answer: 20
Solution :
Given: The Selling price of a coconut = Rs. 14.4
Loss percent = 10%
Cost price = $\frac{\text{Selling price×100}}{100-Loss\%}$
Cost price = $\frac{14.4}{0.9}=16$
Selling price = $\frac{\text{Cost price (100+Profit%)}}{100}$
For 25% profit, Selling price = $16\times 1.25$ = Rs. 20
Hence, the correct answer is Rs. 20.
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