A microwave oven was sold for Rs. 15,750 at a profit of 25%. If the microwave oven was instead sold at a loss of 9%, what would have been its selling price?
ATQ, Let the cost price of the microwave oven = Rs. '100y' Then, selling price when sold at 25% profit = 100y × 1.25 = Rs. '125y' So, 125y = 15750 So, selling price when sold at a loss of 9% = 100y × 0.91 = Rs. '91y' Or, 91y = 15750 × (91/125) = Rs. 11,466 Alternate solution: Required selling price = 15750 × (91/125) = Rs. 11,466
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