Naeem sold a computer for Rs 25000 at which he suffered 20 Percent loss. Find the purchase price of the computer?
Correct answer: C. 31250
- A. 31000
- B. 41250
- C. 31250
- D. None of These
Explanation
A 20% loss means the selling price is 80% of the cost price. Therefore, 25,000 Rs = 0.8 x cost price, so cost price = 25,000 Rs / 0.8 = 31,250 Rs. Students may choose 31,000 Rs by rounding instead of dividing by 0.8.
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About Profit and Loss
Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.
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