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If a man were to sell his wristwatch for $ 720, he would lose 25%. What price must he sell at for to gain 25 %?
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- $ 960
- $ 900
- $ 1000
- $ 1200
Correct Option: D
Given that , S.P. of wrist watch = $ 720
For 25% loss ,
∴ C.P. of wrist watch = | 100 - Loss % |
C.P. of wrist watch = | = $ 960 | 75 |
On 25% gain ,
∴ Required S.P. = | = $ 1200 | 100 |