Ramesh sold a statue for a price 25% higher than the original price of the statue. He hadhowever bought the statue at 20% discount on the original price. With the profit of Rs. 2025, findthe original price of the statue.
A)rs. 6000
B)rs. 7500
C)rs. 3500
D)rs. 4500

Question

Quizplus · Accepted Answer

Let the original price be x. Ramesh bought it at 0.8x and sold it at 1.25x. The profit is 1.25x - 0.8x = 0.45x. Given profit is Rs. 2025, so 0.45x = 2025. Solving gives x = 4500.

Ramesh Sold a Statue for a Price 25% Higher Than