Question : The selling price of a glass is Rs 1965, and the loss per cent is 25%. If the selling price is Rs 3013, then what will be the profit percentage?
Option 1: 13
Option 2: 10.4
Option 3: 15
Option 4: 20
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Correct Answer: 15
Solution :
Given, Selling price after 25% loss = Rs. 1965
Let cost price be $\text{CP}$.
$1965 = \frac{\text{CP}(100-25)}{100}$
⇒ $1965= \frac{3}{4}(\text{CP})$
⇒ $\text{CP}= 2620$
Now, when the selling price is Rs. 3013,
$\therefore$ Profit %= $\frac{3013-2620}{2620}\times 100=15\%$
Hence, the correct answer is 15.
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