Karthik incurred a loss of 40 percent on selling an article for Rs 5 640 At what price should h...........

Quantitative Aptitude ( CCS) Profit and loss

Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?

11750

12500

13750

14500

From the given data,

The cost price of the article = 5640 x 100/60 = Rs. 9400

The selling price of the article to gain 25% profit = 9400 x 125/100 = Rs. 11750.

Hence, option 1 is the correct answer.

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