By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?
A. Rs.600
B. Rs.480
C. Rs.500
D. Rs.450
Explanation:
SP = 800
Profit = 25%
CP = (SP)*[100/(100+P)]
= 800 * [100/125]
= 640
Loss = 25% = 25% of 640 = Rs.160
SP = CP – Loss = 640 – 160 = Rs.480