Quote:
Originally Posted by aliarain
If a man were to sell his horse for Rs.720, he would lose 25%. What must he sell it for to gain 25% ?
Solution:
selling price + lose = cost
720 + 25%c = c
cost = 960
he wants profit of 25%.
Selling price = 960 * 1.25 = 1,200
(Anyone Can explain how cost calculated?)
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First of all do not use caps while asking or typing.
Secondly, it is quite easy to calculate cost. go step by step it will help you in understanding
1. Consider that cost price is 100%. which needs to be calculated.
2. As it is given that if you get 720 you will loose 25%.
3. so 720 is the 75% portion of that particular cost.
4. To get the cost divide 720 by 0.75 (or 720/75*100)
you will get your answer.